Trend analysis (Fig. 1).
Today, the downward trend may continue from the level of 1.1287 (closing of yesterday's candle), with a target of 1.1247 - a 61.8% pullback level (blue dotted line). Upon reaching this level, the downward trend may continue with the next target of 1.1217 - a 76.4% 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 continue to move downward with a target of 1.1247 - a 61.8% pullback level (blue dashed line). Upon reaching this level, the downward trend may continue with the next target of 1.1217 - a 76.4% retracement level (blue dashed line).
Another possible scenario is an upward pullback from 1.1247 - a 61.6% pullback level (blue dashed line) with a target at the resistance line 1.1329 (white bold line).
