Trend analysis (Fig. 1).
On Thursday, an upward movement with the target of 1.1051 is possible - a pullback level of 50.0% (red dashed line). In case of breaking up, the next target is 1.1065 - a pullback level of 61.8% (red dashed line). Breaking through 1.1065 is unlikely.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Thursday, an upward movement is possible.
An unlikely scenario is a downward movement with the first target of 1.1015 - the lower fractal.
