Daily: the pair is trading in close proximity to the lower boundary of the Bollinger envelopes (1.2523), which is likely to have a negative impact on the sellers’ ability to continue the decline.

H4: we do not exclude a retest of the 1.2523 zone, where a springboard for an upward reversal can be formed.

H1: stable horizontal Bollinger envelopes limit potential volatility to 1.2543-1.2584. Forecast for the day – flat in the mentioned corridor.

Conclusions: flat in the range of 1.2543-1.2584.

Recommendations: trade in the range of 1.2543-1.2584.