Trend analysis (Fig. 1).
On Friday, the price may continue to move down with the target at 1.3095, a pullback level of 50.0% presented in a red dashed line. If this line is reached, the continuation of work down with the target of 1.3050 is a retracement level of 61.8% presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Friday, the price may continue to move down.
The scenario where from a pullback level of 50.0% which is equivalent to 1.3095 presented in a red dashed line, to work up with a target of 1.3169, a pullback level of 50.0% presented in a yellow dashed line is unlikely.
