Trend analysis (Fig. 1).
The market may move downward from the level of 1.0792 (closing of yesterday's daily candle) with the target of 1.0774, the 21-day EMA (thin black line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).
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 1.0792 (closing of yesterday's daily candle) with the target of 1.0774, the 21-day EMA (thin black line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).
Alternatively, the price may move downward from the level of 1.0792 (closing of yesterday's daily candle) with the target of 1.0743, the 61.8% pullback level (yellow dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).
