Trend analysis (Fig. 1).
The market may move upward from the level of 1.0924 (closing of yesterday's daily candle) with the target of 1.0957, the 85.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0884, the 21-day EMA (thin black line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - 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 1.0924 (closing of yesterday's daily candle) with the target of 1.0957, the 85.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0884, the 21-day EMA (thin black line).
Alternatively, the price may move upward from the level of 1.0924 (closing of yesterday's daily candle) to test 1.0937, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move downward with the target of 1.0857, the 38.2% pullback level (yellow dotted line).
