Trend analysis (Fig. 1).
On Tuesday, the price is likely to move in the upward trend from the level of 1.0899 (the closing of yesterday's candlestick) with the target at 1.0941, which is a pullback level of 50.0% (the blue dashed line). Most likely, the price will continue to grow from this level with the target at 1.0957, a retracement level of 61.8% (the blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci retracement levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - up;
- weekly chart - up.
General conclusion:
Today, the price is expected to rise from the level of 1.0899 (the closing of yesterday's candlestick) with the target at 1.0957, a retracement level of 61.8% (the blue dotted line). Most likely, the price will start falling from this level. A pullback may occur.
Unlikely scenario: the price may move down from a pullback level of 50.0% - 1.0941 (the blue dashed line), with the target at 1.0872, a lower fractal (the blue dashed line).
