Trend analysis (Fig. 1).
On Thursday, the price will move up, with the target at 1.2278 - a pullback level of 38.2% (blue dotted 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 Thursday, the price may start to move up.
The first upper target 1.2278 is a pullback level of 38.2% (blue dashed line).
An unlikely scenario is a downward movement to the lower fractal - 1.2195 (blue dashed line) with an attempt to break it down.
