Daily chart: the upward correction bogged down in the middle of the lower Bollinger envelope when approaching the round level 1.1800. Meanwhile, the lower Bollinger band is at 1.1681, where the mid-term market will maintain its direction.
Н4: the local trend potential on the part of the ADX indicator is at a low level, therefore, strong supports on the way of sellers will appear at levels 1.1752 and 1.1709 (middle and lower Bollinger bands).
Н1: control zone of intraday support – 1.1752 (lower Bollinger line). ADX is growing, but has not reached yet the trend zone, which is in line with the flat forecast for the day. The trading range can be limited to 25 points (1.1750-1.1775).
Conclusions:
The main scenario is flat in the range 1.1750-1.1775.
An alternative scenario is a decline to 1.1709.
Trading decisions: sales from the 1.1775 zone to 1.1750 and 1.1709.