Trend analysis (Fig. 1).
An upward pullback movement is possible today with the first target 1.3031, the resistance line in a red bold line. In case of testing this level, there is a downward movement with the first target at 1.2975, the lower fractal presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
The price can roll back today.
A downward scenario is unlikely but quite possible. That is from the resistance line 1.3031, presented in a red bold line, work up with the target 1.3075, the pullback level of 50.0% presented in a red dashed line.
