Trend analysis (Fig. 1).
Expect an upward movement today with the target of 1.3076, the resistance line presented in a red bold line. In case of breaking through this level, there is a continuation of work upwards with the target of 1.3120, the pullback level of 50.0% 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. That is, from the level of 1.3076, the resistance line in a red bold line, work down with the target of 1.2994, the support line in a red bold line.
