Trend analysis (Fig. 1).
Today, a downside pullback is possible from the level of 1.0984 (closing of the Friday afternoon candle) with the target of 1.0908 - a 38.2% retracement level (presented in a red dashed line).
If this level is broken down, a continuous downward pullback is possible with the target of 1.0874 - a 50.0% retracement level (presented in a red dashed line). Upon reaching this level, an upward pullback is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may move downwards with the target of 1.0908 - a 38.2% retracement level (presented n a red dashed line).
Another possible scenario is a bullish trend from the level of 1.0984 (closing of the Friday afternoon candle), with the target at the upper fractal 1.1020 (presented in a blue dashed line).
