Trend analysis (Fig. 1).
On Monday, an upward movement with the first target of 1.1037 is possible - a pullback level of 38.2% (red dashed line). Further, we will wait for the market reaction to the resistance line 1.1039 (blue bold line).
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 Monday, the upward movement will continue.
The first upper target of 1.1037 is the pullback level of 38.2.% (red dashed line). Upon breaking through this level, we are waiting for the continuation of work upwards, with the next target of 1.1051 - a pullback level of 50.0% (red dashed line).
An unlikely scenario is a downward movement with the target at 1.0991 (lower fractal).
