Trend analysis (Fig. 1).
On Wednesday, technical analysis gives a continuation of the downward movement. The first lower target 1.3021 is the rollback level of 50% (yellow dotted line).
Fig. 1 (daily schedule).
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 Wednesday, technical analysis gives a continuation of the downward movement. The first lower target 1.3021 is the rollback level of 50% (yellow dotted line).