Trend analysis (Fig. 1).
The price may continue to move up today with the target of 1.3064, the resistance line presented in a red bold line. If this line is reached, the market may start working down with the target of 1.3026 in the lower fractal.
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:
Today, the price may continue to move up.
An upward scenario is unlikely, but quite possible, where, from the resistance line 1.3064 presented in a red bold line, a continuation of work up with the target 1.3120, the retracement level of 50% presented in a red dashed line.
