Daily chart: an attempt to further consolidate the pair in the upper Bollinger envelope led to the formation of a bearish pin from the zone of the round level 1.1900. Given this rather controversial point, will this become a full-fledged short signal? This is the main question of today.

Н4: locally, the upper Bollinger envelope also remains relevant, which, on the one hand, does not allow the price to fall below 1.1844 (middle Bollinger band). On the other hand, it retains the potential for retesting the 1.1923-1.1940 zone (upper line).

Н1: on the hourly chart, the pair is trading sideways. Therefore, intraday volatility may not exceed 40 points (1.1856-1.1896). The forecast for the day is flat in this corridor.

Conclusions: flat in the range 1.1856-1.1896.
Trading decisions: short-term deals within the range 1.1856-1.1896.