Daily chart: the lower Bollinger band (108.51) was finally tested yesterday, which finally completes the downward wave and allows us to consider trades upwards in the direction of 109.63. Yesterday’s pinbar can also be considered as a confirmation.

Н4: the local trading range is limited by the size of Bollinger envelopes (108.62-109.02). ADX potential is declining, which indicates a low probability of higher volatility today.

Н1: we confirm strong support (108.62-108.66) and resistance (108.96-109.02) zones, between which the pair will remain throughout the entire trading session. Traders can use these zones to open trades.

Conclusions: flat in the range 108.62-109.02.
Trading decisions: short-term deals in the corridor 108.62-109.02.