Trend analysis (Fig. 1).
On Wednesday, the price may continue to move upward with the goal of a pullback level of 50% - 1.2136 (blue dashed line) and in the case of breaking further up to a pullback level of 61.8% - 1.2175 (blue dashed line). From the level of 1.2136 (50% pullback), you can work down, but very carefully, with profit taking at the very first properties of the top work.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, the price may continue to move up.
An unlikely scenario is a downward movement, with the first target of 1.2036 - lower fractal.
