Trend analysis (fig. 1).
On Wednesday, the price is expected to rise with the target of 1.2968, which is the retracement level of 50% (the red dashed line), from the support level of 1.2902 (the white bold line).
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis – up
- Fibonacci levels – up
- volumes – up
- candlestick analysis – up
- trend analysis – up
- Bollinger lines – up
- weekly chart - up
General conclusion:
The price is expected to continue rising during the day.
Unlikely scenario: the price can fall with the target of 1.2839, which is the retracement level of 76.4% (the blue dashed line), from the support level of 1.2902 (the white bold line).
