Trend analysis (Fig. 1).
On Thursday, the price may continue to move down with the target at 1.2272 - a pullback level of 50.0% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - down.
General conclusion:
On Thursday, the price may continue to move down.
An unlikely scenario is an upward movement, with a target of 1.2503 - an upper fractal.
