Trend analysis (Fig. 1).
Today, from the level of 1.2511 (closing of yesterday's candle) the pair may break through the pullback level 61.8% - 1.2518 (red dashed line). If this attempt becomes successful, the upward movement wi likely to continue with the target of 1.2779 - the pullback level 76.4% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may continue its upward movement with the target at 1.2779 - a retracement level of 76.4% (red dashed line).
Unlikely scenario: from a retracement level of 61.8% - 1.2518 (red dashed line), work down, with a target of 1.2372 - a retracement level of 14.6% (blue dashed line).
