Daily: the multi-day consolidation continues as we await today’s release of the Consumer Price Index. After that, there will be some clarity and markets will get triggers to move. If the index comes out higher than expected, the euro price could fall to 1.0859 (lower Bollinger Band).

H4: the upside limit for the pair appears to be 1.1010 (upper Bollinger line), which can be used for selling.

H1: a breakdown of the upper Bollinger envelope also favors the growth to 1.1010. But we should not set high expectations from this movement – CPI will decide everything.

Conclusions: growth to 1.1010, then fall to 1.0859.

Recommendations: Sell from 1.1010 to 1.0859.