Daily chart: the downward correction within the “Bull Flag” pattern is approaching strong support at 113.16 (lower Bollinger band), from where, with a very high probability, an upward rebound and a reversal will occur. Meanwhile, the ADX indicator is also correcting, which indicates a weak trend potential, which, in turn, does not allow counting on growth above the middle band (113.81).

Н4: a small breakdown of the lower Bollinger envelope can be neglected, inasmuch as the pair has the strongest support here at 113.36, and the orientation of the Bollinger bands indicates a “flat”. Therefore, the growth of quotations in the area of 113.77-113.81 is possible.

Н1: on the hourly chart, we also mark the breakdown of the lower Bollinger envelope. We are waiting for another decline from 113.62 to 113.27, where it will be possible to monitor the appearance of buy signals.

Conclusions: flat in the range 113.27-113.62.
Trading decisions: short-term deals in the range 113.27-113.62.