Trend analysis (Fig. 1).
Today, the bearish trend may continue from the level - 1.0863 (closing of yesterday's candle) with the first target at the lower fractal 1.0813. When this level is broken down, the price may continue to move down with the target at the next lower fractal 1.0769 (presented in a red 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 may continue to move down with the target at the lower fractal 1.0769 (presented in a red dashed line).
An unlikely bullish trend from a pullback level of 76.4% - 1.0822 (presented in a blue dashed line) with a target of 1.0913 - a 38.2% retracement level (presented in a red dashed line).
