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Trend analysis (Fig. 1).
On Thursday, the price can start moving downwards with the target of a pullback level of 23.6% - 1.2285 (blue dotted line) and in the case of a breaking further down to a pullback level of 38.2% - 1.223 (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - down.
General conclusion:
On Thursday, the price may begin to move down.
An unlikely scenario is an upward movement, with the first target of 1.2385 - an upper fractal.
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