Trend analysis (Fig. 1).
Today, the market may continue to move downward from the level of 1.1386 (closing of yesterday's candle) with the target of 1.1345 - a 38.2% pullback level (blue dashed line). From this level, an upward rollback is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger Lines - down;
- Weekly schedule - down.
General conclusion:
Today, the price may continue to move down with the target of 1.1345 - a 38.2% pullback level (blue dashed line). From this level, an upward rollback.
Another possible scenario is a continuous downward trend after moving down to 1.1345 - a 38.2% pullback level (blue dashed line) with the target of 1.1311 - a 50% pullback level (blue dashed line).
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