Trend analysis (Fig. 1).
On Wednesday, the price may make a pullback downward movement with the target at 1.0941 - a pullback level of 50.0% (yellow dashed line). From this level, there is a good opportunity to work up with the target of 1.1000 - the upper fractal (yellow 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, a general upward movement is possible.
The first lower target is 1.0941 - a pullback level of 50.0% (yellow dashed line). From this level, work upwards with the target of 1.1000 is the upper fractal (yellow dashed line).
An unlikely scenario - from a pullback level of 50.0% (yellow dashed line), work down with a target of 1.0927 - a pullback level of 61.8% (yellow dashed line).
