Trend analysis (Fig. 1).
On Friday, the price can continue the pullback upward movement with the target of 1.3050, a pullback level of 23.6% presented in a blue dashed line. If this line is reached, continue to work upward with the next target 1.3139 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:
Today, the price may continue to move up.
Another scenario is unlikely, but a different scenario is possible where from a retracement level of 14.6% which is equivalent to 1.2995 presented in a blue dashed line, work down, with a target of 1.2905 the lower fractal presented in a blue dashed line.
