Trend analysis (Fig. 1).
Today, the upward trend may continue from the level of 1.2552 (closing of yesterday's candle) with the target at the resistance line 1.2626 (presented in a red bold line). If this line is reached, a downward pullback is possible with the target of 1.2547 - a 14.6% pullback level (presented in a 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 to move upwards with the target at the resistance line 1.2626 (presented in a red bold line). If this line is reached, a downward pullback is possible with the target of 1.2547 - a 14.6% retracement level (presented in a red dashed line).
