Trend analysis (Fig. 1).
Today, from the level of 1.2755 (closing yesterday's candle), an upward movement is possible with the target of 1.2871, a retracement level of 38.2% (red dashed line). If this level is reached, work down with the target at the lower fractal 1.2726.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - the top;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - down.
General conclusion:
Today, the price may roll back up, on a downward trend.
An unlikely scenario is from a pullback level of 23.6% equivalent to 1.2792 (red dotted line), work down with the target at the support line of 1.2663 (red bold line).
