Trend analysis (Fig. 1).
An upward movement is expected today with the target of 1.3183, the resistance line in a black bold line. In case of testing this line, work down with the target at the lower fractal 1.3097.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- 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 level 1.3123, the retracement level of 14.6% presented in a blue dashed line, work down with a target of 1.3077, the retracement level of 38.2% presented in a blue dashed line.
