Trend analysis (Fig. 1)
The price from the level of 1.3657 (closing of yesterday's daily candle) is expected to grow today to the target of 1.3719 – the pullback level of 61.8% (yellow dotted line). After testing this level, a downward pullback is possible with the target of 1.3674 – the pullback level of 14.6% (blue 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 1.3657 (closing of yesterday's daily candle) will increase to the target of 1.3719 – the pullback level of 61.8% (yellow dotted line). Once this level is tested, there may be a downward pullback with the target of 1.3674 – the pullback level of 14.6% (blue dotted line).
Alternatively, the price from the level of 1.3657 (closing of yesterday's daily candle) may rise to the target of 1.3716 – the resistance line (yellow bold line). After this line is tested, the upward movement may continue to the target of 1.3792 – the pullback level of 76.4% (yellow dotted line).
