Daily chart: the pair is forming a clear upward rebound from the lower Bollinger band (109.67), which makes the market expected in the middle band area (110.53). The growth dynamics is corrective, so purchases will be unsafe.

Н4: local dynamic resistance 110.17 (Bollinger middle line) is being tested right now. If the price fixes above this level, the pair will find itself in the upper Bollinger envelope, which will contribute to the development of an upward wave in the direction of the 110.53-110.72 zone.

Н1: within the day the Bollinger envelopes are in a stable horizontal position, so the resistance at 110.17 (where the H4-middle and H1-upper Bollinger bands merge) may not let the bulls go higher today. Supports are 109.94 and 109.72 (middle and lower Bollinger bands).

Conclusions: flat in the range 109.72-110.17.
Trading decisions: short-term deals in the range of 109.72-110.17.