Trend analysis (fig. 1).
Today, the pair could decline to the average EMA of 1.08105 (red thin line) from 1.0843, the closing of yesterday's daily candlestick of 1.0810. When reaching this level, it is likely to recover to 1.0910, the Fibonacci retracement level of 76.4% (red dotted line).
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis – down;
- Fibonacci retracement levels – down;
- trading volumes – down;
- candlestick analysis – up;
- trend analysis – up;
- Bollinger lines – up;
- weekly chart - up.
Conclusion:
Today, the pair could decline to the average EMA of 1.08105 (red thin line) from 1.0843, the closing of yesterday's daily candlestick of 1.0810. When reaching this level, it is likely to recover to 1.0910, the Fibonacci retracement level of 76.4% (red dotted line).
Alternatively, the pair may decrease to the average EMA of 1.0789. 8 (blue thin line) from 1.0843, the closing of yesterday's daily candlestick. When breaking out this level, it may climb to 1.0910, the Fibonacci retracement level of 76.4% (red dotted line).
