Trend analysis (Fig. 1).
Today, the price can continue to move down with the goal of 1.1148 - the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candle analysis - top;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
Today, the price can continue to move down with the goal of 1.1148 - the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
The material has been provided by InstaForex Company - www.instaforex.com