Trend analysis (Fig. 1)
The price from the level of 1.1365 (closing of yesterday's daily candlestick) may start declining to the target of 1.1343 - the resistance line (red bold line) today. Once this line is tested, it may resume its upward movement to the target of 1.1387 - the historical resistance level (blue dotted line).
Fig 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - down
- Fibonacci levels - down
- Volumes - down
- Candlestick analysis - down
- Trend analysis - up
- Bollinger lines - down
- Weekly chart - up
General conclusion:
Today, the price from the level of 1.1365 (closing of yesterday's daily candlestick) is likely to begin falling to the target of 1.1343 - the resistance line (red bold line). After testing it, the upward movement may continue to the target of 1.1387 - the historical resistance level (blue dotted line).
Alternatively, the price from the level of 1.1365 (closing of yesterday's daily candlestick) may start to decline the target of 1.1357 - the pullback level of 14.6% (red dotted line). After this level is tested, it may now rise to the target of 1.1409 - the resistance line (blue bold line).
