Trend analysis (Fig. 1).
Today, from the support line 1.0879 (red bold line) the price will try to rollback up with the target at 1.0966, a pullback level of 23.6% (red dashed line). If this level is reached, the continuation of the upward movement is with the next goal of 1.1068, a retracement level of 38.2.% (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, from the support line 1.0879 (red bold line) the price will try to rollback up with the target at 1.0966, a pullback level of 23.6% (red dashed line). If this level is reached, the continuation of the upward movement is with the next goal of 1.1068, a retracement level of 38.2.% (Red dashed line).
Unlikely scenario: from a pullback level of 23.6% - 1.0966 (red dotted line), work down with the target at the support line 1.0803 (blue bold line).
