Trend analysis (Fig. 1).
Today, from the level of 1.1756 (closing of yesterday's candle), an upward pullback is possible after testing the retracement level of 38.2% - 1.2096 (red dashed line). Upon reaching this line, the continuation of the upward movement is possible with the target of 1.2307, a pullback level of 50.0% (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 an upward rollback is possible.
An unlikely scenario: from a pullback level of 23.6% - 1.1834 (red dashed line), work down with the target at the support line 1.1438 (black bold line).
