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Trend analysis (Fig. 1).
Today, the market may roll back down from the level of 1.3148 (closing of yesterday's daily candle) with the target of 1.3104 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the continuation of work downward with the target of 1.3058 - the retracement level of 23.6% (red dotted line).
Figure: 1 (daily chart).
Comprehensive Analysis:
General conclusion:
Today the price will try to move down with the target of 1.3104 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the continuation of work downward with the target of 1.3058 - the retracement level of 23.6% (red dotted line).
Alternative scenario: the market will try to move down from the level of 1.3148 (closing of yesterday's daily candle) with the target at 1.3104 - the retracement level of 14.6% (red dotted line) and go up from this level with the target at 1.3177 upper fractal (red dotted line).
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