Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.1849 (closing of yesterday's daily candle) with the target at 1.2103 - a 76.4% pullback level (blue dotted 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 chart - up.
General conclusion:
Today the price may continue to move upward with the target at 1.2103 - a 76.4% pullback level (blue dotted line).
Another possible scenario is an upward movement to the upper border of the Bollinger line indicator 1.1990 (purple dashed line). From this level, a downward pullback is possible with the target at 1.1871 - a 14.6% pullback level (red dotted line).
