Trend analysis (Fig. 1).
The market may move downward from the level of 1.1027 (closing of yesterday's daily candle) to the 1.1008 support level (bold white line). When testing this level, an upward movement is possible with the target at 1.1095, 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 1.1027 (closing of yesterday's daily candle) to the 1.1008 support level (bold white line). When testing this level, an upward movement is possible with the target at 1.1095, the upper fractal (yellow dotted line).
Alternatively, the price may move downward from the level of 1.1027 (closing of yesterday's daily candle) to 1.0958, the 23.6% pullback level (yellow dotted line). When testing this level, an upward movement is possible with the target at 1.1032, the 76.4% pullback level (blue dotted line).
