Trend analysis (Fig. 1).
Today, the upward trend may continue from the level of 1.2611 (closing of yesterday's candle) with a target of 1.2681 - a 76.4% pullback level (blue dotted line). In case of breaking this level, the next target will be 1.2731 - an 85.4% pullback 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 upward with a target of 1.2681 - a 76.4% pullback level (blue dotted line). In case of breaking this level, the next target is 1.2731 - an 85.4% pullback level (blue dashed line).
Another possible scenario is a downward trend from 1.2681 - a 76.4% pullback level (red dashed line) with a target of 1.2617 - a 14.6% pullback level (red dashed line).
