Trend analysis (Fig. 1).
The market may begin to move up today with the target of 1.0853, the retracement 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 - down.
General conclusion:
Today we expect a retreating upward movement with the target of 1.0853, the retracement level of 14.6% (red dotted line).
An unlikely but possible scenario is from the lower fractal 1.0787 (red dashed line), continued downward movement with the goal of 1.0664, the retracement level of 85.4% (yellow dashed line).
