On Thursday, the price may continue to roll back down afterwards. The first lower target of 1.1340 is the recoil level of 38.2% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price after lunch may continue to roll back down. The first lower target of 1.1340 is the recoil level of 38.2% (yellow dotted line).
