Trend analysis (Fig. 1).
Today, the upward trend may continue from the level of 1.2484 (closing of the Friday afternoon candle) with the target of 1.2532 - a 50% pullback level (blue dashed line). If this line is reached, the upward trend may continue with the next target of 1.2598 - a 61.8% pullback level (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, the price may move upward with the target of 1.2532 - a 50% pullback level (blue dashed line). If this line is reached, the upward movement may continue with the next target of 1.2598 - a 61.8% pullback level (blue dashed line).
Another possible scenario is a downward trend from 1.2484 - a 50% pullback level (blue dashed line) with the target at the support line 1.2299 (red bold line).
