Trend analysis (Fig. 1).

Today, the market from the level of 1.4115 (closing of yesterday's daily candlestick) may continue to move down with the target of 1.4099 - a 23.6% retracement level (red dotted line). Upon testing this level, it is possible to start working upward with the target at 1.4145 - the 85.4% retracement level (blue dashed line). And then, after reaching this level, the upward movement may continue with the target of 1.4232 - the upper fractal (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.4115 (closing of yesterday's daily candlestick) may continue to move down with the target of 1.4099 - a 23.6% retracement level (red dotted line). Upon testing this level, it is possible to start working upward with the target at 1.4145 - the 85.4% retracement level (blue dashed line). And then, after reaching this level, the upward movement may continue with the target of 1.4232 - the upper fractal (red dotted line).

Unlikely scenario: from the level of 1.4115 (closing of yesterday's daily candlestick), it may continue to move downward with the target of 1.4090 - 21 EMA (black thin line). Once this line is tested, it is possible to start working upwards with the target of 1.4145 - the 85.4% retracement level (blue dashed line).