Trend analysis (Fig. 1).

The market from the level of 1.3808 (closing of yesterday's daily candlestick) will try to start moving upwards in order to reach the 38.2% retracement level - 1.3922 (blue dotted line). .Upon testing this level, it is possible to continue working upward with the target of 1.3944 - the 85.4% retracement level (yellow dashed line). From this level, downward work is likely.

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.3808 (closing of yesterday's daily candlestick) will try to start moving upwards in order to reach the 38.2% retracement level - 1.3922 (blue dotted line). .Upon testing this level, it is possible to continue working upward with the target of 1.3944 - the 85.4% retracement level (yellow dashed line). From this level, downward work is likely.

Alternative scenario: the price from the level of 1.3808 (closing of yesterday's daily candlestick) will try to start moving upwards in order to reach the 23.6% retracement level - 1.3849 (blue dashed line). Once this level is tested, it is possible to continue moving downward with the target of 1.3731 - the lower fractal (blue dashed line). Upward movement is possible from this level.