Daily chart: the bulls with a kind of spike finished the area of the upper Bollinger band (110.41-110.62), after which the quotes also sharply returned to the middle band (109.96). The ADX indicators are not at the trend level yet, so the pair will probably keep the flat trend at the current levels.

Н4: local Bollinger envelopes are located horizontally, which provides a sideways trend in the corridor 109.68-110.28. There are no signs of preparation of an impulse movement from the ADX side.

Н1: intraday consolidation range is limited by Bollinger bands (109.91-110.09). The narrowing of volatility is taking place against the background of the growth of ADX parameters, therefore, a short-term movement to one of the borders of the wider flat corridor 109.68-110.28 is possible.

Conclusions: flat in the range 109.68-110.28.
Trading decisions: short-term deals in the corridor 109.68-110.28.