Trend analysis (Fig. 1)
The price from the level of 1.3484 (closing of yesterday's daily candle) will make an attempt to continue declining to the target of 1.3458 – the pullback level of 50% (red dotted line) today. If this level is tested, it can rise to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).
Fig 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - up
- Fibonacci levels - up
- Volumes - up
- Candlestick analysis - up
- Trend analysis - up
- Bollinger bands - up
- Weekly chart - up
General conclusion:
Today, the price from the level of 1.3484 (closing of yesterday's daily candle) will try to further fall to the target of 1.3458 – the pullback level of 50% (red dotted line). After testing this level, it may move up to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).
Alternatively, the price from the level of 1.3484 (closing of yesterday's daily candle) will attempt to decline to the target of 1.3439 – the lower fractal (blue dotted line). After that, the upward movement will start to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).
