Daily chart: the euro has received a corrective potential and is probably targeting the middle Bollinger band (1.1853) now. It is very possible that we are dealing with a full-fledged upward reversal of the market, inasmuch as the bears failed to break through the lower Bollinger envelope.

H4: The local formation is very similar to the inverted “Head-and-Shoulders” pattern, without formed “right shoulder”. Therefore, it is possible to trade within the upper Bollinger envelope (1.1742-1.1790).

Н1: mark the intraday support at 1.1767 at the middle Bollinger band. The next dynamic support is 25 pips lower at 1.1742. The forecast for the day is flat.

Conclusions: flat in the range 1.1742-1.1790.
Trading decisions: short-term deals in the range 1.1742-1.1790.