Trend analysis (Fig. 1).
The market may move upward from the level of 1.1045 (closing of yesterday's daily candle) to 1.1095, the upper limit of the Bollinger line indicator (black dotted line). When testing this level, the price may move down.
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 may move upward from the level of 1.1045 (closing of yesterday's daily candle) to 1.1095, the upper limit of the Bollinger line indicator (black dotted line). When testing this level, the price may move down.
Alternatively, the price may move upward from the level of 1.1045 (closing of yesterday's daily candle) to 1.1067, the upper fractal (yellow dotted line). When testing this level, a downward movement is possible with the target of 1.0986, the 14.6% pullback level (yellow dotted line).
