Daily chart: a sharp rebound of the price down from the upper Bollinger band, with a strong blow to the support of 1.1595, indicates a possible fall of the euro quotes into the lower envelope towards the lower border of the 1.1533 range.

Н4: there is no local ADX trend potential yet, therefore, in the support zone at 1.1590-1.1595, sellers’ forces may consolidate before further decline. We mark the breakdown of the lower Bollinger envelope, which is a signal of the preservation of downtrend.

Н1: there is a trend dynamics on the hourly chart from the side of the ADX indicator. Therefore, the support area at 1.1595 is key: in case of a breakdown, the scenario of a decline will be activated again.

Conclusions:
The main scenario is flat in the range 1.1595-1.1620.
Alternative scenario is decline to 1.1533.
Trading decisions: selling from the 1.1620 zone to 1.1595 and 1.1533