Trend analysis (Fig. 1).
The market may move downward from the level of 1.2437 (closing of yesterday's daily candle) with the target of 1.2406, the 8-day EMA (thin blue line). In the case of testing this level, the price may move upwards with the target of 1.2448, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Bollinger bands - down;Weekly chart - down.General conclusion:
Today, the market may move downward from the level of 1.2437 (closing of yesterday's daily candle) with the target of 1.2406, the 8-day EMA (thin blue line). In the case of testing this level, the price may move upwards with the target of 1.2448, the 38.2% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2437 (closing of yesterday's daily candle) with the target of 1.2394, the 23.6% pullback level (red dotted line). In case of testing this level, the price may rise towards 1.2448, the 38.2% pullback level (red dotted line).