Trend analysis (Fig. 1).
The market may move upward from the level of 1.2317 (closing of yesterday's daily candle) with the target of 1.2361, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.2393, the 23.6% pullback level (red 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 1.2317 (closing of yesterday's daily candle) with the target of 1.2361, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.2393, the 23.6% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.2317 (closing of yesterday's daily candle) with the target of 1.2361, the 14.6% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with the target of 1.2307, the lower fractal (red dotted line).
