Trend analysis (Fig. 1).
Today, the pair may continue a bearish trend from the level of 1.0842 (closing of yesterday's candle) with the first target at 1.0802, an 85.4% retracement level (presented in a blue dotted line). When this level is broken downward, the price will continue to move down with the target of 1.0769, the lower fractal (presented in a blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
Today, the price will continue trading downward with the target of 1.0802, an 85.4% pullback level (presented in a blue dashed line).
Another possible scenario is a bullish reversal from a retracement level of 76.4% - 1.0822 (blue dashed line) with a target of 1.0913, a 38.2% retracement level (presented in a red dashed line).
