Trend analysis (Fig. 1).
On Thursday, the price can continue to move up with the target of 1.3168 (a pullback level of 50%) presented in a yellow dashed line, and upon reaching this level, start a pullback move down with the first target 1.2991 (pullback level of 14.6%) presented in a blue 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 Thursday, the price can continue to move up with the target of 1.3168, this is a pullback level of 50%, presented in a yellow dashed line. Upon reaching this level, start a pullback move down with the first target 1.2991 which is a pullback level of 14.6% presented in a blue dashed line.
