Trend analysis (Fig. 1).
The price may continue to move up today with the target of 1.3170, a pullback level of 50.0% presented in a red dashed line. If this line is reached, a continuation of work up with the target of 1.3197, the retracement level of 61.8% 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 begin to move up this day.
A possible unlikely scenario is from the level of 1.3142, the retracement level of 38.2% presented in a red dashed line, is working down with the target 1.3054, the lower fractal presented in a red dashed line. In this case, the final lower target is 1.3041, the support line presented in a white bold line, from which upward movement can begin.
