Trend analysis
Today, the market from the level of 1.1747 (closing of yesterday's daily candle) may continue to move down with the goal of 1.1723 with a pullback level of 50.0% (blue dotted line). In case of testing this line, further work down with the goal of rolling back the level of 61.8% (blue dotted line). From this level, you can work up.
Figure 1 (daily chart).
Complex Analysis:
- Indicator Analysis – down
- Fibonacci Levels – down
- Volumes – down
- Technical Analysis – down
- Trend Analysis – up
- Bollinger Bands – up
- Weekly Chart - down
General conclusion:
The price may continue to move down with the goal of 1.1723 with a pullback level of 50.0% (blue dotted line). In case of testing this line, further work down with the goal of rolling back the level of 61.8% (blue dotted line). From this level, you can work up.
Alternative scenario: When moving down and reaching the pullback level of 50.0% - 1.1723 (blue dotted line), the price may start moving up to the pullback level of 50.0% - 1.1813 (red dotted line).
