Trend analysis (Fig. 1).
On Thursday, the downward movement may continue to the support level - 1.1101 (blue bold line). However, this will happen after lunch, and before lunch - rollback. You can work down from retracement level of 23.6% - 1.1160 (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the downward movement may continue to the support level - 1.1101 (blue bold line). However, this will happen after lunch, and before lunch - rollback. You can work down from retracement level of 23.6% - 1.1160 (yellow dashed line).
