Trend analysis (Fig. 1).
Today, the market from the level of 1.2194 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2185 (blue bold line). After testing this line, it is possible to move upward with the target at 1.2234 - the historical resistance level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.2194 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2185 (blue bold line). After testing this line, it is possible to move upward with the target at 1.2234 - the historical resistance level (blue dashed line).
Unlikely scenario: the price from the level of 1.2194 (closing of yesterday's daily candlestick) will move downward and try to reach the retracement level of 23.6% - 1.2133 (red dotted line). After testing this level, it is possible to move upward, with the target at 1.2185 - the resistance line (blue bold line).
