Trend analysis (Fig. 1).
Today, the market from the level of 1.3760 (closing of yesterday's daily candlestick) will move down to the target of 1.3728 - the 61.8% retracement level (red dotted line). When this level is tested, the downward movement is likely to continue with the target at 1.3701 - the support line (red bold line). From this level, upward movement is possible with the target of 1.3746 - the retracement level of 38.2% (blue dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - up;Bollinger lines - down;Weekly chart - up.General conclusion:
Today, the price from the level of 1.3760 (closing of yesterday's daily candlestick) will move down to the target of 1.3728 - the 61.8% retracement level (red dotted line). When this level is tested, the downward movement is likely to continue with the target at 1.3701 - the support line (red bold line). From this level, upward movement is possible with the target of 1.3746 - the retracement level of 38.2% (blue dotted line).
Alternative scenario: from the level of 1.3760 (closing of yesterday's daily candlestick), it may start moving down with the target at 1.3728 - the 61.8% retracement level (red dotted line). And from this level, upward movement is possible with the target of 1.3790 - the 50.0% retracement level (blue dashed line).