Trend analysis (Fig. 1).
The market may move upward from 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may continue to rise with the target of 1.0769, the 21-day EMA (thin black line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger bands - down;
- Weekly chart - up.
General conclusion:
Today, the market may move upward from 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may continue to rise with the target of 1.0769, the 21-day EMA (thin black line).
Alternatively, the price may move upward from the level of 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may move down with the target at the 1.0723 support level (thick red line).
