Daily chart: the pair pulled back sharply to the middle Bollinger band (109.86), which confirms the general flat scenario within the sideways 109.10-110.32. Therefore, the bulls will probably be able to continue to rise in quotations to 110.32.
Н4: local consolidation in the upper Bollinger envelope is also a possible sign of further growth towards the 110.19-110.32 zone. Meanwhile, there is no trend potential of ADX, therefore, a transition to flat at current levels cannot be ruled out.
Н1: H1 chart shows ADX trend dynamics, so the key resistance today will be the upper Bollinger band (109.86). If this level is broken, the quotes will easily grow by another 35-40 points (red arrow).
Conclusions:
The main scenario is growth to 110.32.
An alternative scenario is flat in the range 109.49-109.86.
Trading decisions:
1. Buying to 110.32.
2. Sales from zone 110.32.