Trend Analysis (Fig. 1).
Today, the market will try to continue moving down from the level of 1.4008 (the closing of yesterday's daily candle) with the target of 1.3889-21 average EMA (black thin line). When this line is reached, the price can start moving up with a target of 1.3943 – a pullback level of 85.4% (yellow dotted line).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – down
- Fibonacci Levels – down
- Volumes – down
- Candle Analysis – down
- Trend Analysis – down
- Bollinger Bands – down
- Weekly Chart - down
General Conclusion:
Today, the price will try to continue moving down from the level of 1.4008 (the closing of yesterday's daily candle) with the target of 1.3889-21 average EMA (black thin line). When this line is reached, the price can start moving up with a target of 1.3943 – a pullback level of 85.4% (yellow dotted line).
Alternative scenario: from the level of 1.4008 (the close of yesterday's daily candle), the average EMA (the black thin line) will try to continue moving down with the target of 1.3889 – 21. When this line is reached, the price will continue to move down with a target of 1.3815 – a pullback level of 14.6% (red dotted line).
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