Trend analysis (Fig. 1).
The market may move upward from the level of 1.2410 (closing of yesterday's daily candle) to 1.2500, the 38.2% pullback level (red dotted line). In case of testing this level, a downward movement is possible with the target of 1.2471, the 61.8% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Weekly chart - up;
- Bollinger bands - down.
General conclusion:
Today, the price may move upward from the level of 1.2410 (closing of yesterday's daily candle) to 1.2500, the 38.2% pullback level (red dotted line). In case of testing this level, a downward movement is possible with the target of 1.2471, the 61.8% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2410 (closing of yesterday's daily candle) to 1.2471, the 61.8% pullback level (blue dotted line). In case of testing this level, the price may move down.
