Trend analysis (Fig. 1).
On Monday, the price, moving up, will test the resistance line of 1.2977 presented in a red bold line. After reaching this level, it will work down with the target of 1.2879, the lower fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, the price may continue to move up.
The price, moving up, will test the resistance line of 1.2977 presented in a red bold line. After reaching this level, it will work down with the target of 1.2879, the lower fractal.
An unlikely scenario is to immediately go down with the target at 1.2879, the lower fractal.
