Daily chart: after the upper Bollinger envelope was broken, the pair experienced a very active downward correction to the middle Bollinger band (113.80), where a lot of buying activity can be met.

Н4: we mark two strong local supports – 113.80 and 113.54 – from which a new upward reversal will be possible. As you can see, the ADX indicator is also correcting, therefore, the market may continue to consolidate at the current levels in the near future.

Н1: the intraday lower Bollinger band is in the 113.75 zone, where there is a visually very strong demand area for the dollar. Let’s not “look behind the back” of such a substantial level. Any buy signals generated here will have a high probability of being worked out.

Conclusions: decline to 113.75, then bounce up in the direction of 114.33.
Trading decisions:
1. Selling to 113.75.
2. Buying from 113.75 to 114.33.