Trend analysis (Fig. 1).
The market may move upward from the level of 1.0954 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, the price may continue to move upward with the target at 1.1075, the upper fractal (yellow 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 may move upward from the level of 1.0954 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, the price may continue to move upward with the target at 1.1075, the upper fractal (yellow dotted line).
Alternatively, the price may move upward from the level of 1.0954 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, the price may move downward to 1.0994, the 14.6% pullback level (yellow dotted line).
