Daily: the euro, despite the local volatility, remains in the middle of the range of the bottom Bollinger envelope, which is equally likely to be a preparation for a decline to the area of 1.0659, and to the middle band (1.0818).

H4: Bollinger horizontal envelopes support a sideways trend in the market. The trading range does not exceed 76 pips (1.0698-1.0774).

H1: the ascending phase within the day does not promise an increase to the upper boundary of the envelopes (1.0774), though this scenario is more likely. Now the pair is flat-lining in the area of the middle Bollinger band (1.0738) and it may well maintain this trend till the end of the trading week.

Conclusions: flat in the range of 1.0704-1.0774.

Recommendations: trade in the range of 1.0704-1.0774.