Daily chart: the pair has shown an intense decline in quotes, which will probably allow the bears to finalize the lower Bollinger band (1.1983). The low trend potential of ADX is noted, which is more typical for the flat market. Thereby, this can be expressed in multidirectional movements within the day.

Н4: local consolidation in the middle of the lower Bollinger envelope has signs of a “bearish flag”, which also speaks in favor of further continuation of the decline in quotations to 1.2016 and 1.1983.

Н1: it is impossible to exclude the flat of the pair during day within Bollinger envelopes (1.2028-1.2056). ADX trending activity is at a low level.

Conclusions: the continuation of the consolidation of the pair in the range of 1.2028-1.2056, as preparation for the continuation of the decline to 1.2016 and 1.1983.
Trading solutions: selling from the 1.2056 zone to 1.2028, 1.2026, 1.1983.