Trend analysis (Fig. 1).
On Thursday, after testing the pullback level of 38.2% - 1.0968 (blue dashed line), the price may make a pullback downward with the target 1.0933 -a pullback level of 38.2% (yellow dashed line). From this level, there is a good opportunity to work up with the target of 1.0998 - a pullback level of 50.0% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Wednesday, an upward movement is possible.
The upper target of 1.0998 is a pullback level of 50.0% (blue dashed line).
Intermediate target of 1.1068 is a pullback level of 38.2% (blue dashed line).
An unlikely scenario is the lower work with the target of 1.0923 - a pullback level of 50.0% (yellow dashed line).
