Trend analysis (Fig. 1).
On Tuesday, the market will attempt to continue moving up from the level of 1.2948 (the closing of yesterday's daily candle) with the goal of 1.2983 - a pullback level of 38.2% (blue dotted line). If this level is reached, keep on working up with the goal of 1.3078 - a pullback level of 50.0% (blue dotted line).
Figure 1 (Daily chart).
Complex Analysis:
- Indicator analysis - up
- Fibonacci levels - up
- Volumes - up
- Candle analysis - up
- Trend analysis - up
- Bollinger bands - up
- Weekly chart - up
General conclusion:
Today, the price from the level of 1.2948 (the closing of yesterday's daily candle) will try to continue moving up with the goal of 1.2983 - a pullback level of 38.2% (blue dotted line). If this level is reached, keep on working up with the goal of 1.3078 to roll back the level of 50.0% (blue dotted line).
Unlikely scenario: an upward movement with a target of 1.2983 - a pullback level of 38.2% (blue dotted line). If this level is reached, work down with the target 1.2881 - support line (red bold line).
