Trend analysis (Fig. 1).
On Thursday, the price can continue to move up with the target of 1.2502 - a pullback level of 38.2% (red dashed line) and in case of breaking further up to the upper fractal - 1.2527 (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price may begin to move up.
An unlikely scenario is a downward movement, with the first target of 1.2393 - a lower fractal.
