Daily chart: the pair remains pinched in the range of the lower Bollinger envelope (1.3751-1.3928). The scenarios of both a possible market reversal downward and accumulation before the continuation of the uptrend are equally probable to persist.

Н4: the sideways local channel is also limited by the size of Bollinger bands (support at 1.3800, resistance at 1.3905-1.3928). ADX is decreasing, therefore, after the upper wall of the range has been worked out, a transition to the next downward phase can be expected.

Н1: we confirm the flat forecast for the day: on all timeframes, Bollinger envelopes remain a horizontal trend, and ADX does not show signs of trend activity.

Conclusions: flat in the range 1.3847-1.3905.
Trading decisions: short-term deals in the corridor 1.3847-1.3905.