Trend analysis (Fig. 1).
On Wednesday, the price may continue to move up to the target level of 161.8% - 1.2824 (blue dotted line) again. From this level, it is possible to move down to a pullback level of 14.6% - 1.2711 (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 Wednesday, the price may continue to move up.
Initially, the upward movement to the target level of 161.8% is 1.2824 (blue dashed line) is possible, and then from this level, the downward movement with the target 1.2711 is a pullback level of 14.6% (red dashed line).
An unlikely scenario - from the target level of 161.8% - 1.2824 (blue dotted line), the movement up to the upper fractal 1.3177.
