Trend analysis (Fig. 1).
The market may move up on Monday from the level of 1.1190 (close of yesterday's daily candle) to 1.1250, the 38.2% retracement level (blue dotted line). After testing this level, the price may move down to the target level of 1.1141, the support line (white thick 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 1.1190 (close of yesterday's daily candle) to 1.1250, the 38.2% retracement level (blue dotted line). After testing this level, the price may move down to the target level of 1.1141, the support line (white thick line).
Alternative scenario: from the level of 1.1190 (close of yesterday's daily candle), the price may continue to move up to 1.1250, the 38.2% retracement level (blue dotted line). After testing this level, the price may continue to move up to the target level of 1.1295, the 50% retracement level (blue dotted line).
