Trend analysis (Fig. 1).
A downward side-channel is possible today until 12:00 UTC with the target of 1.3014, the support line in a red bold line. An upward movement is expected as well with the first target of 1.3051, the retracement level of 38.2% presented in a red dashed line. In case of testing this line, there is a continuation of work upward with the target of 1.3098, the retracement level of 61.8% presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
The price may start to move up today.
A downward scenario is unlikely but quite possible. That is, from the support line 1.3014, presented in a red bold line, work down with the target and the lower fractal at 1.2975.
