Trend analysis (Fig. 1).
Today, from the level of 1.0938 (closing of the Friday afternoon candle) the pair may continue to move up, with the target of 1.0958 - a pullback level of 50.0% (red dashed line). If this level is reached, the upward work will continue with the target of 1.1003 - a retracement level of 61.8% (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 - down;
- Weekly schedule - up.
General conclusion:
Today, the price may try to continue to move up with the target of 1.1003 - a retracement level of 61.8% (red dashed line).
An unlikely scenario: from a pullback level of 50.0%, that is, 1.0958 (red dashed line), work down with a target of 1.0893 - a pullback level of 50.0% (blue dashed line).
