Trend analysis (Fig. 1).
Today, the upward trend is likely to continue from the level of 1.2544 (closing of yesterday's candle) with a target at 1.2598 - a 61.8% retracement level (blue dotted line). Upon reaching this level, the upward may continue with the next target at 1.2680 - a 76.4% retracement level (blue 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 up with a target at 1.2680 - a 76.4% pullback level (blue dotted line).
Another possible scenario is a downward trend from 1.2598 - a 61.8% retracement level (blue dotted line) with a target at the lower fractal 1.2438.
