Trend analysis (Fig. 1).
The market may begin to move downward from the level of 1.1449 (closing of yesterday's daily candle) with the target at 1.1396 - a 23.6% pullback level (blue dotted line). There is a possibility that the price will continue to move downward from this level, with the target at 1.1354 - a 38.2% pullback level (blue dotted 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 chart - down.
General conclusion:
Today, the price may begin to move downward from the level of 1.1449 (closing of yesterday's daily candle) with the target at 1.1396 - a 23.6% pullback level (blue dotted line). There is a possibility that the price will continue to move downward from this level with the target at 1.1354 - a 38.2% pullback level (blue dotted line).
Another possible scenario is an upward trend from 1.1425 - a 14.6% pullback level (blue dotted line) with the target at the upper fractal 1.1497 (white dotted line).
