Trend analysis (Fig. 1).
On Monday, the pair may extend the upward movement from 1.0213 (close of Friday's daily candlestick) and test the 50% retracement level of 1.0262 (red dotted line). A pullback may occur after the test.
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis - up
- Fibonacci levels - up
- volumes - up
- candlestick analysis - up
- trend analysis - up
- Bollinger bands - up
- weekly chart up
Final thoughts:
Today, the pair may extend the upward movement from 1.0213 (close of Friday's daily candlestick) and test the 50% retracement level of 1.0262 (red dotted line). A pullback may occur after the test.
Alternatively, the price may go down from 1.0213 (close of Friday's daily candlestick) to the lower fractal of 1.0130 (daily candlestick as of July 22, 2022) and test it. The pair may rise to the 38.2% retracement level of 1.0204 (red dotted line) after the test.
