Trend analysis (Fig. 1).
The market may begin to move up today with the target of 1.0889, the pullback level of 14.6% (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 - down;
- Weekly schedule - up.
General conclusion:
An upward movement is expected today with the target of 1.0889, the retracement level of 14.6% (red dashed line).
An unlikely but possible scenario is from the resistance line 1.0829 (blue bold line), continued downward movement with the target of 1.0765, the lower border of the Bollinger line indicator (blue dashed line).
