Trend analysis (fig. 1).
Today, the pair may grow to the target level of 1.2650, the Fibonacci retreatment level of 23.6% (red dotted line) from 1.2609 (the closing of yesterday's daily candlestick). After reaching this level, it could fall to 1.2627, the Fibonacci retracement level of 14.6% (the red dotted line).
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis – up;
- Fibonacci retracement levels – up;
- trading volumes – up;
- candlestick analysis – up;
- trend analysis – up;
- Bollinger lines – up;
- weekly chart - up.
Conclusion:
Today, the pair may grow to the target level of 1.2650, the Fibonacci retreatment level of 23.6% (red dotted line) from 1.2609 (the closing of yesterday's daily candlestick). After reaching this level, it could fall to 1.2627, the Fibonacci retracement level of 14.6% (the red dotted line).
Alternatively, the price may climb to 1.2688, the Fibonacci retracement level of 38.2% (red dotted line) from 1.2609 (the closing of yesterday's daily candlestick). After touching this level, it is likely to decrease to 1.2590, the Fibonacci retracement level of 14.6% (red dotted line).
