Trend analysis (Fig. 1).
The market may move up on Tuesday from the level of 1.3522 (close of yesterday's daily candle) to the target level of 1.3579, the 61.8% retracement level (yellow dotted line). When testing this level, the price may continue to move upward to the target level of 1.3642, the upper fractal (red 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 1.3522 (close of yesterday's daily candle) to the target level of 1.3579, the 61.8% retracement level (yellow dotted line). When testing this level, the price may continue to move upward to the target level of 1.3642, the upper fractal (red dotted line).
Alternative scenario: from the level of 1.3522 (close of yesterday's daily candle), the price may continue to move down to the target level of 1.3466, the 61.8% retracement level (red dotted line). When testing this level, the price may move upwards to the target level of 1.3579, the 61.8% retracement level (yellow dotted line).
