Trend analysis (Fig. 1).
The market may begin to move upward from the level of 1.4185 (closing of Friday's daily candlestick) with the target of 1.4232 - the upper fractal (red dotted line). Upon testing this level, the upward trend may continue with the target of 1.4377 - the upper fractal (yellow dashed line).
Fig. 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 may begin to move upward from the level of 1.4185 (closing of Friday's daily candlestick) with the target of 1.4232 - the upper fractal (red dotted line). Upon testing this level, the upward trend may continue with the target at 1.4377 - the upper fractal (yellow dashed line).
Unlikely scenario: from the level of 1.4185 (closing of Friday's daily candlestick), the price may continue to move downward with the target of 1.4098 - a 23.6% pullback level (red dotted line).
