Trend analysis (Fig. 1).
On Tuesday, the market from the level of 1.3893 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.3876 - 8 EMA (red thin line). After testing this line, it is possible to continue working upwards with the target of 1.3947 - the 50.0% retracement level (blue dashed line). And upon reaching this level, it is possible to continue to work upward with the target of 1.4014 - the 61.8% retracement level (blue 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 from the level of 1.3893 (the close of yesterday's daily candle) will try to continue moving upwards with the target of 1.3947 - the 50.0% retracement level (blue dashed line). Upon reaching this level, it is possible to continue to work upward with the target of 1.4014 - the 61.8% retracement level (blue dashed line).
Alternative scenario: from the level of 1.3893 (closing of yesterday's daily candlestick), the price will try to start moving down with the target of 1.3818 - the support line (red bold line). After testing this line, it is possible to work upwards with the target of 1.3992 - the 38.2% retracement level (blue dashed line).
