On Thursday, rather by inertia, the price moved down and reached the historical support level of 1.1307 (blue dashed line). Breaking this level from the first time is unlikely, which means the price will move upwards, into a rollback, with the first target 1.1382 - a rolling level of 38.2% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Thursday, the price will move up going into a pullback, with the first target of 1.1382 - a rolling level of 38.2% (yellow dashed line). From this level, it is possible to resume downward movement.
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