Trend analysis (Fig. 1).
Today, the market from the level of 1.1928 (closing of yesterday's daily candlestick) may continue to move up with the target of 1.1991 - the 38.2% retracement level (white dotted line). When testing this level, it is possible to continue working up with the target of 1.2039 - the 50% retracement level (white dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the market from the level of 1.1928 (closing of yesterday's daily candlestick) may start moving up with the target of 1.1991 - the 38.2% retracement level (white dotted line). When testing this level, it is possible to continue working up with the target of 1.2039 - the 50% retracement level (white dotted line).
Unlikely scenario: from the level of 1.1928 (closing of yesterday's daily candlestick), the pair may start moving down with the target of 1.1887 - the 61.8% retracement level (red dotted line).
