Trend analysis (Fig. 1).
Today, the market may roll back down from the level of 1.2585 (closing of yesterday's candle) with the target of 1.2511 - a 38.2% pullback level (red dotted line). In case of breaking this level downward, the next target will be 1.2461 - a 50.0% pullback level (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may roll back down with the target of 1.2511 - a 38.2% pullback level (red dotted line). In case of breaking this level downward, the next target will be 1.2461 - a 50.0% pullback level (red dashed line).
After the news, an upward trend may take place with the target of 1.2681 - a 76.4% pullback level (blue dashed line). Upon reaching this level, a downward pullback is possible with a target of 1.2609 - a 14.6% pullback level (red dashed line).
