Trend analysis (Fig. 1).
On Tuesday the market from yesterday's daily candle closing level of 1.3311 will try to start the upward movement with the target 1.3367, a pullback level of 38.2% (blue dotted line). If this level is tested, the move upwards with the target 1.3395, a pullback level of 50.0% (blue dotted line), is possible.
Figure 1 (daily chart).
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger bands - up;
- weekly chart - up.
Conclusion:
Today the price from yesterday's daily candlestick closing level of 1.3311 will try to start an upward movement with the target of 1.3367, a pullback level of 38.2% (blue dotted line). If this level is tested, the move upwards with the target 1.3395, the pullback level of 50.0% (blue dotted line), is possible.
Unlikely scenario: the price from yesterday's daily candlestick closing level 1.3311 will try to continue the downward movement with the target 1.3234, historical support level (blue dotted line). If this level is tested, the move upwards with the target 1.3281, the resistance line (yellow bold line), is possible.
