Trend analysis (Fig. 1).
Today, the market from the level of 1.1931 (closing of yesterday's daily candlestick) will move upward and try to reach the resistance line - 1.1954 (white thick line). After testing this line, it is possible to continue moving upward with the target of 1.2007 - the 38.2% retracement level (blue 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 1.1931 (closing of yesterday's daily candlestick) will move upward and try to reach the resistance line - 1.1954 (white thick line). After testing this line, it is possible to continue moving upward with the target of 1.2007 - the 38.2% retracement level (blue dashed line).
Alternative scenario: the price from the level of 1.1931 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.1954 - the resistance line (white thick line). After testing this line, it may move downward with the target at 1.1847 - lower fractal (blue dotted line).
