Trend analysis (Fig. 1).
An upward movement is expected today with the first target of 1.1045, the retracement level of 14.6% in a blue dashed line. Upon reaching this level, it is possible to continue work upward with the goal of 1.1066, the retracement level of 23.6% presented in a blue dotted line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
An upward movement is expected today with the first target of 1.1045, the retracement level of 14.6% presented in a blue dashed line.
An unlikely but possible scenario is from the level of 1.1021, yesterday's closing candle, the price will go down to the support line 1.1003, presented in a red bold line and then work up.
