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Trend analysis (Fig. 1).
Today, the market from the level of 1.4201 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.4149 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.4232 - the upper fractal (red dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.4201 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.4149 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.4232 - the upper fractal (red dotted line).
Unlikely scenario: from the level of 1.4201 (closing of yesterday's daily candlestick), it will try to start moving down with the target of 1.4149 - a retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.4099 - the retracement level of 23.6% (red dotted line).
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