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Trend analysis (Fig. 1).
Today, the market from the level of 1.4095 (closing of last Friday's daily candlestick) may start moving down with the target of 1.4047 - the 23.6% retracement level (red dotted line). After testing this level, the upward work is possible with the target of 1.4095 - the 76.4% retracement level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.4095 (closing of last Friday's daily candlestick) may start moving down with the target of 1.4047 - the 23.6% retracement level (red dotted line). After testing this level, the upward work is possible with the target of 1.4095 - the 76.4% retracement level (blue dashed line).
Alternative scenario: from the level of 1.4095 (closing of last Friday's daily candlestick), it may start moving upwards with the target at 1.4164 - the upper fractal (red dashed line).
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