Trend analysis (Fig. 1).
The market may move up on Monday from the level of 1.3396 (close of Friday's daily candle) to the target level of 1.3448, the 23.6% retracement level (blue dotted line). Upon reaching this level, the price may continue to move upward to the target level of 1.3505, 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 today from the level of 1.3396 (close of Friday's daily candle) to the target level of 1.3448, the 23.6% retracement level (blue dotted line). Upon reaching this level, the price may continue to move upward to the target level of 1.3505, the 38.2% retracement level (blue dotted line).
Alternative scenario: from the level of 1.3396 (close of Friday's daily candle), the price may continue to move upward to the target level of 1.3422, the 38.2% retracement level (yellow dotted line). Upon reaching this level, the price may move down to the target level of 1.3357, the lower fractal (blue dotted line).
