Trend analysis (Fig. 1).
On Friday, the beginning of a pullback upward movement with the target of 1.0984 - a pullback level of 38.2% (blue dashed line) is possible. Intermediate points where pullbacks are also possible, means additional entry points upward 1.0936 - which is a pullback level of 14.6% (blue dashed line), while 1.0955 is a pullback level of 23.6% (blue dashed 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 Friday, an upward movement is possible.
An unlikely scenario is a downward movement with the target of 1.0837 - historical support level.
