Trend analysis (Fig. 1).
The price may continue to move up today with the target of 1.3080, the pullback level 38.2% presented in a red dashed line. If this line is reached, a continuation of work up with the target 1.3105, the resistance line presented in a red bold 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 level 1.3067, the 21 average EMA in a black thin line, work down with the target 1.2997, the support line presented in a white bold line.
