Trend analysis (Fig. 1)
The price from the level of 1.3741 (closing of yesterday's daily candle) is expected to surge today, namely to the target of 1.3792 – the pullback level of 76.4% (yellow dotted line). After testing this level, it may further increase to the target of 1.3837 – the pullback level of 85.4% (yellow 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 1.3741 (closing of yesterday's daily candle) will rise to the target of 1.3792 – the pullback level of 76.4% (yellow dotted line). Once this level is tested, growth may resume to the target of 1.3837 – the pullback level of 85.4% (yellow dotted line).
As an alternative, the price from the level of 1.3741 (closing of yesterday's daily candle) will climb to the target of 1.3792 – the pullback level of 76.4% (yellow dashed line) and then decline to the target of 1.3670 – the pullback level of 38.2% (blue dotted line).
