Daily chart: the pair maintains a downward trend in euro quotes towards 1.2018 (lower Bollinger band). ADX activity is not at the trending level yet, so the volatility may not be high.

Н4: the local dynamic support is marked at 1.2055 at the lower Bollinger band. However, here is substantial bearish pressure, which indicates a high probability of a breakout of this zone.

Н1: intraday the pair is trading within the Bollinger Bands (range 1.2055-1.2090). Therefore, the decline in the euro can be considered only in case of a breakdown of this corridor.

Conclusions:
The main scenario is flat in the range of 1.2055-1.2090.
An alternative scenario is a decline to 1.2019 in case of a breakdown of the support at 1.2055.
Trading decisions: selling from the 1.2090 zone.