Trend analysis (Fig. 1).
The market may move upward from the level of 1.0756 (closing of yesterday's daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the upward movement may continue with the target at 1.0865, the 50.0% pullback level (red dotted line). When testing this level, the price may move down.
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 1.0756 (closing of yesterday's daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the upward movement may continue with the target at 1.0865, the 50.0% pullback level (red dotted line). When testing this level, the price may move down.
Alternatively, the price may move upward from the level of 1.0756 (closing of yesterday's daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the price may move down with the target at 1.0773, the 21-day EMA (thin black line).
