Trend analysis (Fig. 1).
The market may move up on Monday from the level of 1.0943 (close of yesterday's daily candle) to 1.1064, the 38.2% retracement level (blue dotted line). In case of testing this level, the price may continue to move up to 1.1145, the 50.0% 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 1.0943 (close of yesterday's daily candle) to 1.1064, the 38.2% retracement level (blue dotted line). In case of testing this level, the price may continue to move up to 1.1145, the 50.0% retracement level (blue dotted line).
Alternative scenario: from the level of 1.0943 (close of yesterday's daily candle), the price may move down to 1.0897, the 161.8% target level (red dotted line). In case of testing this level, the price may continue to move up to 1.0965, the 23.6% retracement level (blue dotted line).
