Trend analysis (Fig. 1).
Today, it is possible to move up to test the retracement level of 14.6% equivalent to 1.2640 (blue dashed line). If this level is reached, the continuation of the upward movemnet is with the target of 1.2733, a retracement level of 23.6% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger Lines - down;
- Weekly schedule - down.
General conclusion:
Today, the price can roll back up.
An unlikely scenario: from the level of 1.2580 (closing of yesterday's candle) work down with the target at the lower fractal 1.2491 (red dashed line).
