Trend analysis (Fig. 1).
The market may continue to move down today with the target of 1.0846, the support line (blue bold line). Upon reaching, a rollback is possible with the target of 1.0921, the retracement level of 14.6% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
A continued downward movement is expected today with the target of 1.0846, the support line (blue bold line).
An unlikely but possible scenario is from the support line 1.0846 (blue bold line), a continuation of work down with the target of 1.0826, the lower border of the Bollinger line indicator (blue dashed line).
