Daily chart: the downward technical correction is potentially limited by the middle Bollinger band (110.48), from where the bulls will have a chance to continue the uptrend.

Н4: local bearish trading within the lower Bollinger envelope also speaks of the probable completion of the support at 110.48.

Н1: the level 110.75 (lower Bollinger band) can also act as a strong support within the day. The ADX potential is at the flat level, so the market volatility today may not exceed 23 points (110.75-110.98).

Conclusions:
The main scenario is flat in the range 110.75-110.98.
An alternative scenario is a decline to 110.48, then an upward reversal.
Trading decisions: purchases from 110.75 and 110.48 zones.