Daily chart: the trend towards consolidation of the pair in the upper Bollinger envelope (range 1.1604-1.1689) persists for the fourth day in a row. The ADX indicators are still falling, so it cannot be ruled out that the pair will not leave the indicated borders today.

Н4: local Bollinger envelopes also support sideways trading, limiting price fluctuations at levels 1.1616 (support) and 1.1657 (resistance). The flat character on the ADX chart is also preserved, so the scenario in which the euro will remain in the range looks like the most probable.

Н1: extremely low activity of the hourly ADX is another argument for a flat forecast for today’s trading session. The support area is 1.1616-1.1623, the resistance is 1.1648-1.1657.

Conclusions: flat in the range 1.1616-1.1657.
Trading decisions: short-term deals in the range of 1.1616-1.1657.