Trend analysis (Fig. 1).
A retraceable upward movement is possible today with the target of 1.0958, the retracement level of 14.6% (red dotted 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 - down.
General conclusion:
A retreating upward movement is expected today with the target of 1.0958, the retracement level of 14.6% (red dashed line).
An unlikely but possible scenario is from the resistance line 1.0924 (red bold line), the price goes down to the lower fractal 1.0880 (blue dashed line).
