Trend analysis (Fig. 1).
On Thursday, the price will move down with the target of 1.2205 - the lower fractal (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Thursday, the price may begin to move down.
The first lower target of 1.2271 is a pullback level of 50.0% (blue dashed line).
The main target for today is 1.2205, which is the lower fractal (red dashed line).
An unlikely scenario is an upward movement to the upper fractal - 1.2346 (red dashed line).
