Trend analysis (Fig. 1).
The market may move up on Friday from the level of 1.3375 (close of yesterday's daily candle) to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downward to the target level of 1.3387, the support line (thick white 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 1.3375 (close of yesterday's daily candle) to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downward to the target level of 1.3387, the support line (thick white line).
Unlikely scenario: from the level of 1.3375 (close of yesterday's daily candle), the price may continue to move up to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may continue to move upward to the target level of 1.3500, the 61.8% retracement level (blue dotted line).
