Daily: the downward correction has started, although, as we can see, the bulls do not give up for nothing. The trend activity of the ADX indicator remains dangerous for traders, which in the current phase of the market can be correlated with the efforts of both sellers and buyers.

H4: clear weakness of the bulls, with price attempts to slip outside the lower Bollinger envelope. There is no break yet, but we can see that the structure is hanging by a thread.

H1: we note the consolidation range within the Bollinger envelopes (1.1213-1.1247). As soon as the price leaves this range, the market activity may increase. Perhaps it will not be today, as evidenced by the flat state of ADX.

Conclusions: flat in the range of 1.1213-1.1247.

Recommendations: trade in the range of 1.1213-1.1247.