Trend analysis (Fig. 1).
Today, the market from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may continue to work upward, with the target at 1.2229 - the upper border of the Bollinger line indicator (black dashed line). Upon reaching this line, rolling downward work is possible.
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may continue to work upward, with the target at 1.2229 - the upper border of the Bollinger line indicator (black dashed line). Upon reaching this line, rolling downward work is possible.
Alternative scenario: the price from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may start working downward, with the target at 1.2111 - the 14.6% retracement level (red dashed line). And upon testing this level, it may continue to work downward, with the target at 1.2090 - the support line (blue bold line). When this line is reached, further work upward is possible.
