Trend analysis (Fig. 1).
Today, a downward pullback is possible from the resistance line 1.1379 (white bold line) with the target of 1.1276 - a 14.6% pullback level (red dashed line). If this line is reached, the next target is 1.1208 - a 23.6% pullback level (red dashed line). From this level, the price may begin to move downward. After which, everything will depend on the news at 18:00 UTC.
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 begin to move downward with the target of 1.1276 - a 14.6% pullback level (red dashed line).
Another possible scenario is an upward trend after breaking the resistance line 1.1379 (white bold line) with the target at the upper fractal 1.1498 (blue dashed line). Further movements will depend on the news.
