Trend Analysis (Fig. 1).
Today, the market will try to continue moving down from the level of 1.3671 (the close of yesterday's daily candle) with the target of 1.3601-21 average EMA (black thin line). If this line is reached, the downward movement will continue with the target of 1.3519 at the lower fractal (daily candle from 01/18/2021).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – down
- Fibonacci Levels – down
- Volumes – down
- Technical Analysis – down
- Trend Analysis – down
- Bollinger Bands – down
- Weekly Chart – down
General Conclusion:
Today, the price will try to continue moving down from the level of 1.3671 (the close of yesterday's daily candle) with the target of 1.3601-21 average EMA (black thin line). If this line is reached, the downward movement will continue with the target of 1.3519 at the lower fractal (daily candle from 01/18/2021).
Unlikely scenario: when moving down and reaching the level of 1.3601-21, the average EMA (black thin line), the price may start moving up with a target of 1.3676 – a retracement level of 76.4% (yellow dotted line). If this level is reached, it will go up with the target of 1.3744 at the upper fractal (red dotted line).
