Trend analysis (Fig. 1).
Today, a downward pullback is possible from the level of 1.1296 (closing of yesterday's candle) with the target of 1.1208 - a 23.6% pullback level (presented in a red dashed line). From this level, the price may continue to move downward with the target of 1.1099 - a 38.2% retracement level (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 - down.
General conclusion:
Today, the price may begin to move downward from the level of 1.1296 (closing of yesterday's candle) with the target of 1.1208 - a 23.6% retracement level (presented in a red dashed line).
Another possible scenario is an upward trend from 1.1296 - a 14.6% pullback level (presented in a red dashed line) with the target at the upper fractal 1.1385 (presented in a red dashed line).
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