Trend analysis (Fig. 1).
The market may move downward from the level of 1.0691 (closing of yesterday's daily candle) to the target at the 1.0648 support level (thick red line). Upon reaching this level, an upward movement is possible with the target of 1.0702, the 14.6% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger bands - down;
- Weekly chart - down.
General conclusion:
Today, the price may move downward from the level of 1.0691 (closing of yesterday's daily candle) to the target at the 1.0648 support level (thick red line). Upon reaching this level, an upward movement is possible with the target of 1.0702, the 14.6% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0691 (closing of yesterday's daily candle) with the target of 1.0635, the lower fractal (red dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0702, the 14.6% pullback level (red dotted line).
