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Trend analysis (Fig. 1).
Today, the market from the level of 1.3671 (closing of yesterday's daily candlestick) will try to continue moving down with the target at 1.3592 - the lower border of the Bollinger line indicator (black dotted line). When this line is tested, it is possible to start working upwards with the target of 1.3686 - the 14.6% retracement level (blue dashed line). From this level, it is possible to continue the upward movement.
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.3671 (closing of yesterday's daily candlestick) will try to continue moving down with the target at 1.3592 - the lower border of the Bollinger line indicator (black dotted line). When this line is tested, it is possible to start working upwards with the target of 1.3686 - the 14.6% retracement level (blue dashed line). From this level, it is possible to continue the upward movement.
Alternative scenario: from the level of 1.3671 (closing of yesterday's daily candlestick), it will try to continue moving down with the target of 1.3592 - the lower border of the Bollinger line indicator (black dotted line). Once this line is tested, it is possible to continue working down.
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