Trend analysis (Fig. 1).
On Monday, the market may continue to move up, with the target of 1.1209 - a retracement level of 61.8% (blue dashed line). If this level is reached, a downward rollback is possible with the target of 1.1137 - a retracement level of 14.6% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, upward movement is possible.
The upper target 1.1209 is a retracement level of 61.8% (blue dashed line). From this level, you can work down with a lower target of 1.1137 - a retracement level of 14.6% (red dashed line).
An unlikely scenario is breaking through the level of 1.1209 to the target 1.1251 - the upper fractal.
