Trend analysis (Fig. 1).
Today, the downward movement can continue with the target of 1.1188 - a rolling level of 50% (yellow dashed line). In case of a breakthrough, the further downward movement with the target of 1.1170 is a pullback level of 61.8% (yellow dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
Today, the downward movement can continue with the target of 1.1188 - a rolling level of 50% (yellow dashed line). In case of a breakthrough, the further downward movement with the target of 1.1170 is a pullback level of 61.8% (yellow dashed line).
