Trend analysis (Fig. 1).
Today, from the level of 1.1585 (closing of yesterday's candle), an upward work is possible by testing the retracement level of 14.6% - 1.1704 (red dashed line). Upon reaching this line, the continuation of the upward movement is with the target of 1.1862, a retracement level of 23.6% (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 - up;
- Weekly schedule - up.
General conclusion:
Today a an upward rollback is possible.
Unlikely scenario: from the level of 1.1585 (closing of yesterday's candle) work down with the target of 1.0996, the target level of 161.8% (blue dotted line).
