Daily chart: ADX has moved into a correction, so the pair will probably continue multidirectional trades in the middle of the upper Bollinger envelope range (110.14-111.23).

Н4: the local upward phase is limited by the upper Bollinger band (111.00), from where a downward reversal to 110.47 can be expected. Bollinger envelopes are stable and the ADX indicator is falling.

Н1: buyers’ pressure is observed in the zone of intraday dynamic resistance at 110.73 (upper Bollinger band). But, based on all the conclusions made earlier, we do not expect the pair above 111.00.

Conclusions: growth to 111.00, then downward reversal to 110.47.
Trading decisions:
1. Purchases to 111.00.
2. Sales from 111.00 to 110.47.