Trend analysis

On Friday, the price from the level of 1.3829 (closing of yesterday's daily candle) will attempt to continue to decline, with the target of 1.3669 (blue dotted line) – the lower fractal. After reaching this level, the price may start rising towards the target of 1.3750 (blue dotted line) – the pullback level of 14.6%.

Figure 1 (daily chart)

Comprehensive analysis:

• Indicator analysis - down
• Fibonacci levels - down
• Volumes - down
• Candlestick analysis - up
• Trend analysis - up
• Bollinger lines - down
• Weekly chart - up

Overall conclusion:

Today, the price from the level of 1.3829 (closing of yesterday's daily candle) will attempt to continue its downward movement, with the target of 1.3669 (blue dotted line) – the lower fractal. After reaching this level, the price may start increasing towards the target of 1.3750 (blue dotted line) – the pullback level of 14.6%.

Alternatively, the price from the level of 1.3829 (closing of yesterday's daily candle) will attempt to resume its decline to the target of 1.3669 (blue dotted line) – the lower fractal. After testing this level, it may further move downwards to the target of 1.3562 (red dotted line) – the pullback level of 23.6%. Once the price reached this line, it may start rising.