Trend analysis (Fig. 1).
On Thursday, the market may attempt to break through a cloud consisting of a pullback level of 50.0% - 1,0996 (blue dashed line) and 21 average EMA - 1.0971 (black thin line) once again. And if successful, rush to goal 1.1031 - the resistance line (blue bold line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, upward movement is possible from the level of 1.0996, the upper target 1.1031 is the resistance line (blue bold line).
An unlikely scenario - from the level of 1.0996, a downward movement with the target of 1.0942 is a lower fractal.
