Trend analysis (Fig. 1).
Today, the market from the level of 1.3887 (closing of last Friday's daily candle) may start moving up with the target of 1.4217 - the historical resistance level (blue dotted line). When testing this line, the upward movement may continue with the target of 1.4377 - upper fractal (yellow dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, from the level of 1.3887 (closing of last Friday's daily candle), the price may start moving up with the target of 1.4217 – the historical resistance level (the blue dotted line). When testing this line, the upward movement may continue with the target of 1.4377 - upper fractal (yellow dotted line).
Unlikely scenario: from the level of 1.3887 (closing of last Friday's daily candle), the price may start moving up with the target of 1.3999 – 5 EMA (red thin line). When testing this line, a downward movement is possible, with the target of 1.3815 – the 14.6% retracement level (red dotted line).
