Trend analysis (Fig. 1).
Today, the market from the level of 1.3958 (closing of yesterday's daily candlestick) may continue to move upward with the target of 1.4009 - the 50.0% retracement level (blue dotted line). Upon reaching this level, the upward movement may continue with the target of 1.4061 - the 61.8% retracement level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.3958 (closing of yesterday's daily candlestick) may continue to move upward with the target of 1.4009 - the 50.0% retracement level (blue dotted line). Upon reaching this level, the upward movement may continue with the target of 1.4061 - the 61.8% retracement level (blue dashed line).
Alternative scenario: from the level of 1.3958 (closing of yesterday's daily candlestick), it may continue to move upward with the target of 1.3998 - 13 average EMA (yellow thin line). Upon reaching this level, it is possible to start moving downward with the target of 1.3928 - the support line of the ascending channel (red bold line). And after testing this line, it is possible to move upwards.
