Trend Analysis (Fig. 1).
Today, the market may start moving up from the level of 1.3686 (the closing of yesterday's daily candle) with the target of 1.3791-8 average EMA (blue thin line). When testing this line, it is possible to continue working up with the target of 1.3850-21 average EMA (black thin line).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – up
- Fibonacci Levels – up
- Volumes – up
- Candle Analysis – down
- Trend Analysis – up
- Bollinger Bands – up
- Weekly Chart – up
General Conclusion:
Today, the price can start moving up from the level of 1.3686 (the closing of yesterday's daily candle) with the target of 1.3791-8 average EMA (blue thin line). When testing this line, it is possible to continue working up with the target of 1.3850-21 average EMA (black thin line).
Alternative scenario: from the level of 1.3686 (the closing of yesterday's daily candle), it may start moving down with the target of 1.3562 – a pullback level of 23.6% (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.3481 – the historical support level (blue dotted line).
