Trend analysis (Fig. 1).
Today, the market from the level of 1.3561 (closing of yesterday's daily candle) will try to start moving up with the target of 1.3676 - the retracement level of 76.4% (yellow dotted line). When this line is reached, the price can continue to move up with the target of 1.3827 - the upper border of the Bollinger line indicator (black dotted line).
Figure 1 (Daily Chart).
Complex analysis:
- Indicator analysis - up
- Fibonacci levels - up
- Volumes - up
- Candlestick analysis - down
- Trend analysis - up
- Bollinger bands - up
- Weekly chart - up
General conclusion:
Today, the price from the level of 1.3561 (closing of yesterday's daily candle) will try to start moving up with the target of 1.3676 - the retracement level of 76.4% (yellow dotted line). When this line is reached, the price can continue to move up with the target of 1.3827 – the upper border of the Bollinger line indicator (black dotted line).
Alternative scenario: from the level of 1.3561 (closing of yesterday's daily candle), the pair will try to continue moving down with the target of 1.3504 - 21 EMA average (black thin line). Upon reaching this line, it is possible to move up to the target of 1.3676 - the retracement level of 76.4% (yellow dashed line).
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