Trend analysis (Fig. 1).
On Friday, the price will move up with the first target 1.2344 - a pullback level of 14.6% (red dashed line). The price, in case of breaking through, can continue to move up with the target of 1.2370 - a pullback level of 23.6% (red 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, the price will continue to move up.
An unlikely scenario is a downward movement, with the first target at 1.2271 - a pullback level of 50% (blue dashed line).
