Trend analysis (Fig. 1).
On Friday, the market from the level of 1.0955 (yesterday's closing of candlestick), may continue to rise with the goal of 1.0993 - the upper fractal (presented in blue dashed line). However, breaking up this level is unlikely.
Breaking away from this level down, will lead us to a pullback work down with the goal of 1.0938 – the pullback level of 14.6% (red dotted line). There is a high probability that when this level is broken down, the downward movement will continue with the goal of 1.0916 – the pullback level of 23.6% (red dotted 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, the price will try to continue its upward movement with the goal of 1.0993 - the upper fractal (blue dashed line).
An unlikely scenario: working up with the target of 1.1032 - the upper border of the Bollinger line indicator (purple dashed line) from level 1.0993 - the upper fractal (blue dashed line).
