Trend analysis (Fig. 1).
The market may continue to move upwards from the level of 1.1812 (closing of Friday's daily candle) with the target at the upper fractal 1.1996 (red dotted line). From here, the upward trend may continue with the next target of 1.2103 - a 76.4% pullback level (blue dotted line).
Figure: 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price may move upwards with the target at the upper fractal 1.1996 (red dotted line). From here, the upward trend may continue with the next target of 1.2103 - a 76.4% pullback level (blue dashed line).
Another possible scenario is after testing of the historical resistance level of 1.1912 (blue dashed line), the price may move downward with the target of 1.1851 - a 14.6% pullback level (red dashed line).
