Trend analysis (Fig. 1).
In the American session, the price may continue to move down to the first lower target of 1.2941 with 50.0% correction level (blue dashed line).
Fig. 1 (twelve-hour chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
In the American session, the price may continue to move down to the first lower target of 1.2941 with 50.0% correction level (blue dashed line).
