Trend analysis (Fig. 1).
On Friday, the market from the level of 1.3551 (yesterday's daily candle close) may continue moving downward toward the target of 1.3482 – the 61.8% retracement level (red dashed line). When testing this level, a corrective upward movement is possible with a target of 1.3501 – the 38.2% retracement level (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Weekly chart – up.General conclusion: downward trend.
Alternative scenario: From the level of 1.3551 (yesterday's daily candle close), the price may continue moving downward toward the target of 1.3465 – the 61.8% retracement level (blue dashed line). When testing this level, a corrective upward movement is possible with a target of 1.3482 – the 61.8% retracement level (red dashed line).