Trend analysis (Fig. 1).
On Wednesday, technical analysis demonstrates a downward movement. The first lower target of 1.2910 is the pullback level of 50.0% (blue dotted line). When breaking through - go further down.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Wednesday, technical analysis demonstrates a downward movement. The first lower target of 1.2910 is the pullback level of 50.0% (blue dotted line). When breaking through - go further down.
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