Trend analysis (Fig. 1).
Today, from the resistance line 1.1352 (white bold line) the price may continue to move up with the target of 1.1458, a pullback level of 38.2% (red dashed line). It is possible to roll back down from this level with the target 1.1392, a retracement level of 14.6% (blue dashed line). On achievement - work up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - top;
- Weekly schedule - up.
General conclusion:
Today, from the resistance line 1.1241 (white bold line) the price may continue to move up with the target of 1.1458, a pullback level of 38.2% (red dashed line). It is possible to roll back down from this level with the target of 1.1392, a retracement level of 14.6% (blue dashed line). On achievement - work up.
An unlikely scenario is from 1.1252, a retracement level of 14.6% (blue dashed line) work down with the target of 1.1223, a retracement level of 38.2% (blue dashed line).
