Trend analysis (Fig. 1).
A continued upward movement is expected to the level of 1.2996, a resistance line presented in a red bold line. In case of breaking through this level, there will be moving up to the level of 1.3013, the upper fractal presented in blue dashed line. But most likely, from the level of 1.2996, a downward movement to the target of 1.2899, the lower fractal, is possible.
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.
The first upper target of 1.2996 is the resistance line presented in red bold line. In case of breaking through this level, there will be moving up to the level of 1.3013, the upper fractal presented in a blue dashed line. But most likely, from the level of 1.2996, a downward movement to the target of 1.2899, the lower fractal, is possible.
