Trend analysis (Fig. 1).
Today, the market from the level of 1.2172 (closing of yesterday's daily candlestick) will move upwards and try to reach the historical resistance level - 1.2212 (blue dotted line). After testing this level, it is possible to continue moving upward with the target at 1.2266 - the upper fractal (red dotted 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 1.2172 (closing of yesterday's daily candlestick) will move upwards and try to reach the historical resistance level - 1.2212 (blue dotted line). After testing this level, it is possible to continue moving upward with the target at 1.2266 - the upper fractal (red dotted line).
Alternative scenario: the price from the level of 1.2172 (closing of yesterday's daily candlestick) will move upwards and try to reach the historical resistance level - 1.2212 (blue dotted line). After testing this level, it is possible to move downwards with the target at 1.2184 - the 14.6% retracement level (red dotted line).
