Trend analysis (Fig. 1).
On Friday, the market from the level of 1.2130 (closing of yesterday's daily candle) will move upwards and try to reach the resistance level of 1.2177 (blue bold line). In the case of testing this level, it is possible to continue working up with the target of 1.2234 - the historical resistance level (blue dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up
- Fibonacci levels - up
- Volumes - up
- Candlestick analysis - down
- Trend analysis - up
- Bollinger bands - up
- Weekly chart - up
General conclusion:
Today, the price from the level of 1.2130 (closing of yesterday's daily candle) will move upwards and try to reach the resistance level of 1.2177 (blue bold line). In the case of testing this level, it is possible to continue working up with the target of 1.2234 - the historical resistance level (blue dotted line).
Alternative scenario: the price from the level of 1.2130 (closing yesterday's daily candle) will move down and try to reach the historical support level of 1.2073 (blue dotted line). When testing this level, the continuation of the lower work is possible with the target of 1.2014 - the support line (white thin line), from which an upward work is possible.
