Trend analysis (Fig. 1).
On Monday, the price can make a pullback move up with the first target of 1.3105 which is a pullback level of 23.6% presented in a blue dashed line. If this line is reached, there is a continuation of work upward with the next target of 1.3184 which is a retracement level of 38.2% presented in a 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 - down;
- Weekly schedule - up.
General conclusion:
On Monday, the price may roll back up.
It is unlikely, but another scenario is possible, where, from the support line of 1.2979 presented in a red bold line, work down, with the target of 1.2920 which is a pullback level of 38.2% presented in a red dashed line.
