Trend analysis (Fig. 1).
Today, the market from the level of 1.3876 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3804 - the retracement level of 76.4% (red dotted line). After testing this level, it is possible to work upwards with the target at 1.3850 - the retracement level of 14.6% (blue dashed line). And once this level is tested, the upward movement may continue with the target of 1.3891 (blue dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - up;Trend analysis - down;Bollinger lines - down;Weekly chart - down.General conclusion:
Today, the price from the level of 1.3876 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3804 - the retracement level of 76.4% (red dotted line). After testing this level, it is possible to work upwards with the target at 1.3850 - the retracement level of 14.6% (blue dashed line). And once this level is tested, the upward movement may continue with the target of 1.3891 (blue dotted line).
Alternative scenario: from the level of 1.3876 (closing of yesterday's daily candlestick), it will try to continue moving down with the target of 1.3850 - the retracement level of 14.6% (blue dashed line). Upon testing this level, it is possible to work upwards with the target of 1.3891 - the retracement level of 23.6% (blue dashed line).