Trend analysis (Fig. 1).
On Wednesday, the market will try to continue moving upwards from the level of 1.1947 (closing of yesterday's daily candlestick) to the target set at 1.1989 - the upper fractal (blue dashed line). In case of testing this level, the upward movement may continue to the target set at 1.2063 - the upper border of the Bollinger line indicator (black dashed 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, the price will try to continue moving upwards from the level of 1.1947 (closing of yesterday's daily candlestick) to the target set at 1.1989 - the upper fractal (blue dashed line). In case of testing this level, the upward movement may continue to the target set at 1.2063 - the upper border of the Bollinger line indicator (black dashed line).
Alternative scenario: from the level of 1.1947 (closing of yesterday's daily candlestick), the pair will try to continue moving upwards with a target level of 1.1989 - the upper fractal (blue dashed line). If this level is tested, the price will try to start moving down to the target set at 1.1954, the historical support level (blue dotted line). After testing this level, the work upwards is may continue.
