Trend analysis (Fig. 1).
The market may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0810, the 23.6% pullback level (blue dotted line). From this level, the price may move upwards with the target of 1.0919, the 61.8% 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 - up;
- Weekly chart - up.
General conclusion:
Today, the price may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0810, the 23.6% pullback level (blue dotted line). From this level, an upward movement is possible with the target of 1.0919, the 61.8% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0776, the 38.2% pullback level (blue dotted line). From this level, the price may move upwards with the target of 1.0865, the 50% pullback level (red dotted line).
