Trend Analysis (Fig. 1)
The market may move downward from the level of 1.0707 (closing of Friday's daily candle) with a target at the 1.0671 support level (bold red line). Upon testing this level, the price may move upward with a target of 1.0743, the 23.6% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - down.
General conclusion:
Today, the price may move downward from the level of 1.0707 (closing of Friday's daily candle) with a target at the 1.0671 support level (bold red line). Upon testing this level, the price may move upward with a target of 1.0743, the 23.6% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0707 (closing of Friday's daily candle) with a target of 1.0653, the 76.4% pullback level (yellow dotted line). Upon testing this level, the price may move upward with a target of 1.0743, the 23.6% pullback level (red dotted line).
