Daily chart: flat continues within lower Bollinger envelope (109.35-111.68). ADX is dropping passively, so flat will be valid for some time.
Н4: there is more narrow flat corridor of 110.33-111.52 (Bollinger bands range). ADX parameters are weak confirming flat market.
Н1: support level around lower Bollinger band (110.86) protects the pair from dropping rapidly to 110.33. Resistance level is at 111.19 (middle band).
Expectations:
Core scenario – flat within 110.86-111.19
Alternative scenario – drop to 110.33
Trading signals: consider trading within 110.33-111.19
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