Trend analysis (Fig. 1).
On Thursday, the continuation of the downward movement with the target of 1.0988 is possible - the pullback level of 61.8% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - neutral;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the downward movement will continue.
Up until 11.45 Universal time, the continuation of the downward movement with the first target of 1.0988, which is a pullback level of 61.8% (blue dotted line) is possible, then much will depend on the news.
