Trend analysis (Fig. 1).
Today, the downward trend may continue from the level of 1.1294 (closing of the Friday afternoon candle) with the target of 1.1208 - a 23.6% retracement level (presented in a red dashed line). There is a possibility that the price may continue to move down from this level with the target of 1.1099 - a 38.2% retracement level (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 will continue to move down with the target of 1.1208 - a 23.6% retracement level (presented in a red dashed line). There is a possibility that the price may continue to move down from this level with the target of 1.1099 - a 38.2% retracement level (presented in a red dashed line).
Another possible scenario is an upward trend from 1.1208 - a 23.6% pullback level (presented in a red dotted line) with the target at the resistance line 1.1375 (presented in a white bold line).
