Trend analysis (Fig. 1).
Today, the market from the level of 1.2126 (closing of yesterday's daily candlestick) will move downward and try to reach the historical support level - 1.2075 (blue dotted line). Once this level is tested, an upward movement is possible with the target of 1.2156 - 21 EMA (black thin line).
Figure 1 (Daily Chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Bollinger lines - down;Weekly chart - down.General conclusion:
Today, the price from the level of 1.2126 (closing of yesterday's daily candlestick) will move downward and try to reach the historical support level - 1.2075 (blue dotted line). Once this level is tested, an upward movement is possible with the target of 1.2156 - 21 EMA (black thin line).
Alternative scenario: the price from the level of 1.2126 (closing of yesterday's daily candlestick) will move downward and try to reach the 38.2% retracement level - 1.2051 (red dotted line). After testing this level, it is possible that it will start working upwards with the target of 1.2102 - the 76.4% retracement level (yellow dashed line).