Trend Analysis (Fig. 1).
On Monday, the market, from the level of 1.3096 (the close of Friday's daily candle), may continue moving upward toward 1.3148 — a historical resistance level (blue dashed line). When testing this level, the price may begin moving downward toward 1.3127 — the support line (red bold line).
Fig. 1 (daily chart).
Comprehensive Analysis:
- Indicator analysis — upward;
- Fibonacci levels — upward;
- Volumes — upward;
- Candlestick analysis — upward;
- Trend analysis — upward;
- Bollinger Bands — upward;
- Weekly chart — upward.
Overall conclusion: upward trend.
Alternative scenario: From the level of 1.3096 (the close of Friday's daily candle), the price may continue moving upward toward 1.3127 — the support line (red bold line). When testing this line, the price may begin moving downward toward 1.3110 — the 161.8% target level (red dashed line).
