Trend analysis (Fig. 1).
The market may continue to move downward from the level of 1.3282 (closing of yesterday's daily candle) with the target at the support level 1.3230 (white thick line). Upon reaching this level, the price may begin to move upward with the target at the historical resistance level at 1.3310 (blue dashed line).
Figure: 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price may continue to move downward from the level of 1.3282 (closing of yesterday's daily candle) with the target at the support level 1.3230 (white thick line). Upon reaching this level, the price may begin to move upward with the target at the historical resistance level at 1.3310 (blue dashed line).
Another possible scenario is a downward movement to the support level 1.3230 (white bold line). From here, the downward trend may continue with the next target of 1.3192 - a 23.6% pullback level (red dotted line).
