Trend analysis (Fig. 1).
On Friday, the price may go up from 1.0866 (the close price of yesterday's daily candlestick) to the 61.8% retracement level of 1.0919 (red dotted line). In case of a test of this mark, a pullback may occur.
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger bands - up;
- weekly chart - up.
Final thoughts:
Today, the price may go up from 1.0866 (the close price of yesterday's daily candlestick) to the 61.8% retracement level of 1.0919 (red dotted line). In case of a test of this mark, a pullback may occur.
Alternative scenario: the price may go up from 1.0866 (the close price of yesterday's daily candlestick) to a historic resistance level of 1.0930 (blue dotted line). A pullback is likely to occur after a test of this mark.
