Daily chart: yesterday the pair fulfilled a potentially reversal pin bar, but since there is no good support, it has a poor quality. The main support is below at 1.1082 (middle Bollinger band) that can dominate the market. Bulls shall be patient and we expect touch of this area.
Н4: clamping range of the lower envelope - 1.1139-1.1194, with the downtrend tendency.
Н1: a horizontal flat corridor within the Bollinger envelope (1.1149-1.1182). ADX is active, it is suspicious. When we get strong Long signals in the area of 1.1149, it is possible to try to buy, expecting that this signal will be justufied on the Daily chart.
Expectations: flat 1.1149-1.1182
solutions: 1. Sales to 1.1149 and maybe toward 1.1082
2. When we have buy signals on H1 around 1.1149, we shall buy to 1.1351 in the medium-run