Trend analysis (Fig. 1).
The price may continue to move up today with the target of 1.3080, the retracement level of 38.2% presented in a red dashed line. If this line is reached, a continuation of work up with the target of 1.3159, 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 - up;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
The price may continue to move up today.
A downward scenario is unlikely but quite possible. From the level of 1.3033, the retracement level of 23.6% presented in a red dashed line, work down with the target of 1.2954, the lower fractal in a red dashed line.
