Trend analysis (Fig. 1).
Today, from the level of 1.2956 (closing of yesterday's candle), an upward movement is possible with the target at 1.3026, a retracement level of 61.8% (red dashed line). In case of breaking through this level, the continuation of work upwards is with the target of 1.3097, a retracement level of 76.4% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - the top;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may continue to move up.
An unlikely scenario is from a retracement level of 61.8% equivalent to 1.3026 (red dashed line), work down with a target of 1.2921, a retracement level of 38.2% (yellow dashed line).
