Trend analysis (Fig. 1).
Today, a downward rollback is possible from the level of 1.1430 (closing of the Friday afternoon candle) with the target at 1.1386 - a 23.6% pullback level (blue dotted line). If this level is reached, the downward movement may continue with the next target at 1.1345 - 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 roll back down with the target of 1.1386 - a 23.6% pullback level (blue dotted line). If this level is reached, the downward movement may continue with the next target at 1.1345 - a 38.2% pullback level (blue dashed line).
Another possible scenario is an upward trend after reaching 1.1411 - a 14.6% pullback level (blue dashed line) with the target at the upper fractal 1.1453.
