Trend analysis (Fig. 1).
Today, the market from the level of 1.4185 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4218 - the upper fractal (red dotted line). Upon reaching this level, the price may continue to move upward with the target of 1.4345 - 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 from the level of 1.4185 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4218 - the upper fractal (red dotted line). Upon reaching this level, the price may continue to move upward with the target of 1.4345 - the upper border of the Bollinger line indicator (black dashed line).
Unlikely scenario: from the level of 1.4185 (closing of yesterday's daily candlestick), it will try to start moving down with the target of 1.4138 - the 14.6% retracement level (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.4088 - the 23.6% retracement level (red dashed line).
