Trend analysis (fig. 1).
Today, the pair could drop to the support level of 1.0930 (blue dotted line) from 1.0968 (the closing of yesterday's daily candlestick. When testing this level, it may rebound.
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis– down;
- Fibonacci correction levels – down;
- trading volumes – down;
- candlestick analysis – down;
- trend analysis – up;
- Bollinger lines – up;
- weekly chart - down.
Conclusion:
Today, the pair could fall to the support level of 1.0930 (blue dotted line) from 1.0968 (the closing of yesterday's daily candlestick. When testing this level, it may rebound.
Alternatively, the price might decrease to 1.0911, the Fibonacci correction level of 76.4% (red dotted line) from 1.0968 (closing of yesterday's daily candlestick). When testing this level, it is likely to grow to 1.0994, the Fibonacci correction level of 14.6% (yellow dotted line).
