Trend analysis (Fig. 1).
Today, a downward pullback is possible from the level of 1.1137 (closing of yesterday's candle) with the target of 1.1079 - a 14.6% pullback level (presented in a red dashed line). From this level, the price may resume its upward movement, with the target of the upper fractal 1.1155 (presented in a red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - down;
- Weekly schedule - up.
General conclusion:
Today, the price may begin to move downwards from the level of 1.1137 (closing of yesterday's candle) with the target of 1.1079 - a 14.6% retracement level (presented in a red dashed line). From this level, the price may resume its upward movement, with the target of the upper fractal 1.1155 (presented in a red dashed line).
Another possible scenario is a downward trend from 1.1155 - a 14.6% retracement level (presented in a red dashed line) with the target of 1.1033 - a 23.6% retracement level (presented in a red dashed line).
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