Trend analysis (Fig. 1).
The market may move up from the level of 1.3615 (closing of yesterday's daily candle) to the target of 1.3652 - the 14.6% retracement level (yellow dashed line). A test of this level may lead to continued upward movement with the target of 1.3679 - the 23.6% retracement level (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 - down;
- Weekly chart - up.
General conclusion:
Today, the price may move up from the level of 1.3615 (closing of yesterday's daily candle) to the target of 1.3679 - the 23.6% retracement level (yellow dashed line). A test of this level may lead to continued upward movement with the target of 1.3724 - the 38.2% retracement level of (yellow dashed line).
Alternative scenario: from the level of 1.3615 (closing of yesterday's daily candle), the price may move up to the target of 1.3652 - the 14.6% retracement level (yellow dashed line). A test of this level may lead to a downward pullback with the target of 1.3548 - the lower border of the Bollinger line indicator (black dashed line). From here, an upward pullback is possible.
