Trend analysis (Fig. 1).
Today, an upward trend is possible from the level of 1.1289 (closing of yesterday's candle), with the target at the resistance line 1.1333 (white bold line). From this level, the price may begin to move downward with the target of 1.1277 - a 38.2% pullback level (blue 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 rollback down from the resistance line 1.1333 (white bold line) with the target at 1.1279 - a 38.2% retracement level (blue dashed line). From this level, the downward trend may continue with the next target of 1.1258 - a 50% retracement level (blue dashed line).
Another possible scenario is an upward trend after reaching 1.1179 - a 38.2% retracement level of (blue dashed line) with the target at the upper fractal 1.1347 (blue dashed line).
