Trend analysis (Fig. 1).
Today, from the support level of 1.2903 (white bold line), an upward movement is possible with the first target of 1.2944, the retracement level of 38.2% (blue dashed line). If this level is reached, a continuation of work upwards with the target of 1.2958, the pullback level of 50.0% (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - neutral;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
Today, the price may start to move up.
An unlikely scenario is from a pullback level of 38.2% equivalent to 1.2944 (blue dotted line), work down with the target at the support level of 1.2903 (white bold line).
