Trend analysis (Fig. 1).
Today, the market from the level of 1.3620 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.3691 - the 23.6% retracement level (blue dotted line).
When this line is tested, the upside work may continue with the target at 1.3746 - the 38.2% retracement level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.3620 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.3691 - the 23.6% retracement level (blue dotted line).
When this line is tested, the upside work may continue with the target at 1.3746 - the 38.2% retracement level (blue dashed line).
Alternative scenario: the price from the level of 1.3620 (closing of last Friday's daily candlestick) may start moving upward with the target at 1.3656 - the 14.6% retracement level (blue dashed line). Once this level is tested, it may move downward with the target of 1.3601 - the lower fractal (red dotted line). From this level, upward movement is possible.
