Trend analysis (Fig. 1).
Today, the pair will try again to break down the support line 1.1065 (yellow dashed line), but this will most likely happen after lunch. Before lunch (9.00 Universal time), the price will move up, with the target of 1.1094 - a pullback level of 14.6% (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - down;
- weekly schedule - down.
General conclusion: up.
The scenario with a low probability is an upward movement with the first target of 1.1115 - an upper fractal.
