Trend analysis (Fig. 1).
Today, the market may continue to move up from the level of 1.3234 (the closing of Friday's daily candle) with the target of 1.3382 which is a pullback level of 61.8% (yellow dotted line). After testing this line, continue to work up with the target of 1.3442 which is a pullback level of 76.4% (yellow dotted line).
Figure 1 (daily chart).
Complex analysis:
- Indicator Analysis – up
- Fibonacci Levels – up
- Volumes – up
- Candle Analysis – up
- Trend Analysis – up
- Bollinger Bands – down
- Weekly Chart – up
General conclusion:
Today, the price may continue to move up with a target of 1.3382 which is a pullback level of 61.8% (yellow dotted line). After testing this line, continue to work up with the target of 1.3442 which is a pullback level of 76.4% (yellow dotted line).
Alternative scenario: From the level of 1.3234 (the closing of Friday's daily candle), the price may continue to move up with the target of 1.3382 which is a pullback level of 61.8% (yellow dotted line). After testing this level, work downwards with the target 1.3307 – 21 average EMA (black thin line).
