Trend analysis (Fig. 1).
On Wednesday, the price may move up to the upper fractal - 1.2950. From this level, it is possible to continue moving up to the next upper fractal - 1.3013 (blue 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.
The first upper target is the upper fractal - 1.2950, then in case of breakdown of this level, the movement up to the next upper fractal is 1.3013 (blue dashed line).
An unlikely scenario is to work down to the lower fractal 1.2789.
