Trend analysis (Fig. 1).
The market may move up on Friday from the level of 1.1090 (close of yesterday's daily candle) to 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downwards to the target level of 1.1082, the historical support 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:
Today, the price from the level of 1.1090 (close of yesterday's daily candle) to 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downwards to the target level of 1.1082, the historical support level (blue dotted line).
Alternative scenario: from the level of 1.1090 (close of yesterday's daily candle), the price may move downwards to 1.1010, the 38.2% retracement level (yellow dotted line). After testing this level, upward movement is possible.
