Trend analysis (Fig. 1).
The market may move downward from the level of 1.0990 (closing of yesterday's daily candle) to 1.0957, the 85.4% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.0999, the upper fractal (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move downward from the level of 1.0990 (closing of yesterday's daily candle) to 1.0957, the 85.4% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.0999, the upper fractal (yellow dotted line).
Alternatively, the price may move downward from the level of 1.0990 (closing of yesterday's daily candle) to 1.0929, the 14.6% pullback level (yellow dotted line). From this level, an upward movement is possible to 1.0999, the upper fractal (yellow dotted line).
