Trend analysis (Fig. 1).
Today, the market from the level of 1.1776 (the closing of yesterday's daily candle) can start moving up with the goal of 1.1814 which is a pullback level of 76.4% (blue dotted line). When testing this level, further work up with the goal of 1.1858 which is the resistance line (white bold 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 – down
General conclusion:
Today, the market from the level of 1.1776 (the closing of yesterday's daily candle) can start moving up with the goal of 1.1814 which is a pullback level of 76.4% (blue dotted line). When testing this level, further work up with the goal of 1.1858 which is the resistance line (white bold line).
Alternative scenario: From the level of 1.1781, which is a pullback level of 61.8% (blue dotted line), the price can continue to move down with the goal of 1.1761 which is a pullback level of 50.0% (red dotted line). When testing this level, further work down with the goal of 1.1723 which is a rollback level of 61.8% (red dotted line).
