Trend analysis (Fig. 1).
Today, the downward trend may continue from the level of 1.0952 (closing of yesterday's candle) with the target of 1.0917 - a 38.2% retracement level (presented in a red dashed line). From this level, the price may begin to move upward with the target at the upper fractal 1.1009 (presented in a red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may continue to move downwards with the target of 1.0917 - a 38.2% pullback level (presented in a red dashed line). From this level, upward movement is possible with the target at the upper fractal 1.1009 (presented in a red dashed line).
Another possible scenario is an upward trend from 1.0889 - a 50.0% pullback level (presented in a red dashed line) with the target at the upper fractal 1.1009 (presented in a red dashed line).
