Trend analysis (Fig. 1).
Today, the downward trend is likely to continue from the level of 1.0809 (closing of yesterday's candle) with a target at the support line 1.0786 (presented in a blue bold line). From this level, the price may begin to move upward with a target at 1.0864 - a 38.2% retracement level (presented in a blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger Lines - down;
- Weekly schedule - up.
General conclusion:
Today, the price may begin to move upward with a target at 1.0864 - a 38.2% pullback level (presented in a blue dashed line). Upon reaching this level, the upward movement will continue with the next target at 1.0895 - a 50% pullback level (presented in a blue dashed line).
Another possible scenario is a downward trend from 1.0827 - a 23.6% retracement level (presented in a blue dashed line) with a target at 1.0771 - an 85.4% retracement level (presented in a red dashed line).
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