Trend analysis (Fig. 1).
Continued upward movement is expected, to the level of 1.2927 - resistance line (yellow thin line). From this level, it is possible to move down to the target 1.2891 - a retracement level of 23.6% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down; - candlestick analysis - up;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Friday, the price may continue to move up.
A continued upward movement is expected, to the level of 1.2927 - resistance line (yellow thin line). From this level, it is possible to move down to the target 1.2891 - a retracement level of 23.6% (red dashed line).
An unlikely scenario is a downward movement with the target at 1.2825 - the lower fractal.
