Trend analysis (Fig. 1).
The price may continue to move up on Wednesday with the target of 1.3197, which is a retracement level of 61.8% presented in a red dashed line. If this line is reached, a continuation of work up with the target of 1.3230 which is a retracement level of 76.4% presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - neutral;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
The price may continue to move up on Wednesday.
An unlikely scenario is from level 1.3123, which is yesterday's close of the daily candle, work down, with the target at 1.3054, the lower fractal presented in a red dashed line. The final lower target of 1.3029 is the support line from which upward movement can begin.
