Trend analysis (Fig. 1).
The market may begin to move down from the level of 1.3385 (closing of yesterday's daily candle) with the target of 1.3302 - a 14.6% pullback level (red dotted line). If this level is tested, the downward trend may continue with the next target of 1.3192 - a 23.6% pullback level (red dotted line).
Figure: 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly chart - up.
General conclusion:
Today, the price may move down from the level of 1.3385 (closing of yesterday's daily candle) with the target of 1.3302 - a 14.6% pullback level (red dotted line). If this level is tested, the downward trend may continue with the next target of 1.3192 - a 23.6% pullback level (red dashed line).
Another possible scenario is a downward trend from the level of 1.3385 (closing of yesterday's daily candle) with the target at 1.3302 - a 14.6% pullback level (red dashed line). From here, the price may roll back up with the target at the upper fractal 1.3482 (red dotted line).
