Trend analysis (Fig. 1).
Today, a downward pullback is possible from the level of 1.2748 (closing of yesterday's candle) with the target of 1.2640 - a 23.6% retracement level (red dotted line). In case of breaking this level downward, the downward movement will continue with the next target of 1.2532 - a 38.2% retracement level (red dashed line).
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 begin to move downward with the target of 1.2640 - a 23.6% retracement level (red dotted line). In case of breaking this level downward, the downward movement will continue with the next target of 1.2532 - a 38.2% retracement level (red dashed line).
Another possible scenario is an upward trend after working down to 1.2640 - a 23.6% pullback level (red dashed line) with the target at the upper fractal 1.2813 (red dashed line).