Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.1872 (closing of yesterday's daily candle) with the target at the upper fractal 1.1917 (red dotted line). From this level, the price may continue to move upward with the next target of 1.2103 - a 76.4% pullback level (blue dashed line).
Figure: 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 from the level of 1.1872 (closing of yesterday's daily candle) with the target at the upper fractal 1.1917 (red dotted line). From this level, the price may continue to move upward with the next target at 1.2103 - a 76.4% pullback level (blue dotted line).
Another possible scenario is an upward movement from the level of 1.1740 (closing of yesterday's daily candle) with the target at the upper fractal 1.1917 (red dashed line). From this level, the price may begin to move downward with the target of 1.1807 - a 14.6% pullback level (red dashed line).
