Trend analysis (Fig. 1).
Today, the market from the level of 1.4146 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.4232 - the upper fractal (red dotted line). After testing this level, it is possible to continue the upward work with the target at 1.4370 - 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 1.4146 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.4232 - the upper fractal (red dotted line). After testing this level, it is possible to continue the upward work with the target at 1.4370 - the upper border of the Bollinger line indicator (black dashed line).
Unlikely scenario: from the level of 1.4146 (closing of last Friday's daily candlestick), it may continue to move down with the target of 1.4088 - the 23.6% retracement level (red dotted line). And from this level, the upward work is possible.
