Trend analysis (Fig. 1).
The market may move downward from the level of 1.3069 (closing of yesterday's daily candle) with the target of 1.2965 - a 23.6% pullback level (red dotted line). Upon reaching this level, the price may continue to move downward with the next target of 1.2828 - a 38.2% pullback level (red 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 move downward from the level of 1.3069 (closing of yesterday's daily candle) with the target of 1.2965 - a 23.6% pullback level (red dotted line). Upon reaching this level, the price may continue to move downward with the next target of 1.2828 - a 38.2% pullback level (red dotted line).
Another pssible scenario is upon reaching 1.3050 - a 14.6% pullback level (red dashed line), the price may move upwards with the target at the upper fractal 1.3125 (red dotted line). If this level is broken, the upward trend may continue with the next target at the upper fractal 1.3186 (red dotted line).
