Trend analysis (Fig. 1).
On Wednesday, the price may move down to the lower fractal - 1.2789. From this level, it is possible to continue moving down to the retreating level of 23.6% - 1.2764 (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).
The upper scenario - moving up to the upper fractal - 1.2976. From this level, it is possible to continue moving up to the next upper fractal - 1.3013 (blue dashed line).
