Trend analysis (Fig. 1).
Today, the level of 1.1471 (closing of yesterday's candle) can roll back up and at the same time test the level of 1.1834, a retracement level of 23.6% (red dotted line). Upon reaching this line, the continuation of upward work is with the target of 1.2096, 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 a rollback up is possible up.
Unlikely scenario: from a retracement level of 14.6% - 1.1673 (red dashed line), work down with the target at the historical support level 1.1294 (blue dashed line).
