Trend analysis (Fig. 1).
On Monday, the price will move up with the first target of 1.2317 - a pullback level of 14.6% (red dashed line). The price, in case of breaking through, can continue to move up with the target of 1.2345 - a pullback level of 23.6% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Monday, the price will start moving up.
An unlikely scenario is a downward movement, with the first target of 1.2198 - a pullback level of 61.8% (blue dashed line).
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