Trend analysis (Fig. 1).
Today, the upward trend may continue from 1.0824 - a 76.4% pullback level (presented in a red dashed line) with the first target of 1.0861 - a 50.0% pullback level (presented in a blue dashed line). When this level is broken up, the price may continue to move upward with the target of 1.0892 - a 61.8% retracement level (presented in a blue dashed line). From this level, it is likely that the price will roll back down.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
Today, the price may continue to move upward with the target at 1.0892 - a 61.8% retracement level (presented in a blue dashed line).
Another possible scenario is a bearish trend from 1.0830 - a 38.2% pullback level (presented in a blue dashed line) with a target at the lower fractal 1.0728 (presented in a blue dashed line).
