Trend analysis (Fig. 1).
Today, the price from the level of 1.3560 (closing of yesterday's daily candle) will try to resume its growth to the target of 1.3628 – the pullback level of 50% (yellow dotted line). After this line is tested, the upward movement will continue to the target of 1.3677 – the pullback level of 61.8% (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:
The price from the level of 1.3560 (closing of yesterday's daily candle) will attempt to continue rising to the target of 1.3628 – the pullback level of 50% (yellow dotted line). Once this line is tested, it may rise higher to the target of 1.3677 – the pullback level of 61.8% (yellow dotted line).
As an alternative, the price from the level of 1.3560 (closing of yesterday's daily candle) may try to further rise to the target of 1.3580 – the pullback level of 38.2% (yellow dotted line). After testing it, it may decline to the target of 1.3510 – the pullback level of 76.4% (blue dotted line).
