Trend analysis (Fig. 1).

Today, the market from the level of 1.2140 (closing of last Friday's daily candlestick) may start moving down, with the target at 1.2111 - the 14.6% retracement level (red dotted line). If this level is tested, the price may continue to move downward, with the target at 1.2079 - the support line (blue bold line). Upon reaching this line, the upward work is possible with the target at 1.2166 - the price level of 161.8% (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price, from the level of 1.2140 (closing of last Friday's daily candlestick), may start moving downward, with the target at 1.2111 - the 14.6% retracement level (red dotted line). If this level is tested, the price may continue to move down, with the target at 1.2079 - the support line (blue bold line). Upon reaching this line, the upward work is possible with the target at 1.2166 - the price level of 161.8% (blue dotted line).

Alternative scenario: the price will continue to move upward from the level of 1.2140 (closing of last Friday's daily candlestick), with the target at 1.2166 - the price level of 161.8% (blue dashed line). After testing this level, it is possible to work upwards with the target at 1.2181 - upper fractal (red dotted line).