Daily chart: against the background of Friday’s news, the bears failed to reach the lower Bollinger band (1.1744), getting a bullish close. But the negative scenario for the euro will remain relevant, despite the sufficient space for an upward correction.

Н4: the upward technical correction is potentially limited by the upper Bollinger band (1.1906). Therefore, this area will bring great interest to sellers after the opening of the trades.

Н1: on Friday the bulls managed to break through the upper Bollinger envelope, although there is no strong ADX potential here. Therefore, on Monday the pair will probably maintain the upper envelope range (1.1843-1.1870).

Conclusions: flat in the range 1.1843-1.1870.
Trading decisions: short-term deals in the range 1.1843-1.1870.