Trend analysis (Fig. 1).
Today, the market from the level of 1.1726 (closing of yesterday's daily candlestick) may continue to move up with the goal of 1.1751 – a pullback level of 50.0% (blue dotted line). When testing this level, further work upward with the goal of 1.1781 – a pullback level of 61.8% (blue dotted line).
Figure 1 (Daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - down.
General conclusion:
The market from the level of 1.1726 (closing yesterday's daily candlestick) can continue to move up with the goal of 1.1751 - a pullback level of 50.0% (blue dotted line) today. When testing this level, further work upward with the goal of 1.1781 – a rollback level of 61.8% (blue dotted line).
Unlikely scenario: from the level of 1.1726 (closing of yesterday's daily candlestick), the price may continue to move up with the goal of 1.1751 – a pullback level of 50.0% (blue dotted line). When testing this level, further work downward with the goal of 1.1714 – a pullback level of 61.8% (red dotted line).
