Daily chart: the pair is consolidating in the area of the middle Bollinger band (109.49), with no signs of exiting this trend. Accumulation has bullish nature, so any declines in quotes by bulls will be used to set long positions.

Н4: mark the local borders of the consolidation range within the Bollinger envelopes (109.09-109.89). ADX is outside the trend zone.

Н1: four bars in a row outside the upper Bollinger envelope are a corrective sign. ADX activity, in this case, is more a consequence of the flat market than a signal of increased volatility. The forecast for the day is flat.

Conclusions: flat in the range 109.49-109.86.
Trading decisions: short-term deals in the corridor 109.49-109.86.