Trend analysis (Fig. 1).
Expect an upward movement today with the first target 1.3032, presented in a red dashed line. If it is achieved, the continuation of work upwards with the target of 1.3081 is a retracement level of 38.2% presented in a red dashed line. The final target is at 1.3093, 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:
Today, the price may continue to move up.
A downward scenario is unlikely, so, from the level of 1.3010, yesterday's closing candle, work down with the target of 1.2954, the lower fractal presented in a red dashed line.
