Trend analysis (Fig. 1).
The market may move up on Monday from the level of 1.3549 (close of Friday's daily candle) to the target of 1.3592, the 23.6% retracement level (blue dotted line). Upon reaching this level, the price may continue to move upward to the target of 1.3622, the 38.2% retracement level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
The price may move up from the level of 1.3549 (close of Friday's daily candle) to the target of 1.3592, the 23.6% retracement level (blue dotted line). Upon reaching this level, the price may continue to move upward to the target of 1.3622, the 38.2% retracement level (blue dotted line).
Alternative scenario: from the level of 1.3549 (close of Friday's daily candle), the price may start moving down with the target of 1.3526, the 38.2% retracement level (red dotted line). Upon reaching this level, the price may move upward to the target of 1.3573, the 14.6% retracement level (blue dotted line).
