Trend analysis (Fig. 1).
Today, from the level of 1.3381 (closing of yesterday's daily candlestick), the market will try to continue moving downward with the target of 1.3251 - the support line (red bold line). If this level is reached, it is possible to move upward with the target of 1.3290, which is the retracement level of 76.4% (red dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - down
- Fibonacci levels - down
- Volumes - down
- Candlestick analysis - down
- Trend analysis - down
- Bollinger bands - down
- Weekly chart - down
General conclusion:
Today, from the level of 1.3381 (the closing of yesterday's daily candlestick), the price will try to continue moving downward with the target of 1.3251 - the support line (red bold line). If this level is reached, it is possible to move upward with the target of 1.3290, which is the retracement level of 76.4% (red dotted line).
Unlikely scenario: A downward movement with a target of 1.3333 - 23.6% pullback level (blue dotted line). If this level is reached, an upward movement is possible with the target of 1.3361 - an 85.4% pullback level (red dotted line).
