Trend analysis (Fig. 1).
Today, the market from the level of 1.3187 (closing of Friday's daily candlestick) may continue to move upward with the goal of 1.3231 - a pullback level of 61.8% (blue dotted line). When testing this level, continue working upward with the goal of 1.3282, which is a pullback level of 85.4% (blue dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up
- Fibonacci levels - up
- Volumes - up
- Candlestick analysis - down
- Trend analysis - up
- Bollinger bands - up
- Weekly chart - up
General conclusion:
The price will try to continue moving upward today with the target of 1.3282 - the resistance line (white bold line). When testing this line, continue working up with the target of 1.3310-the upper fractal (red dotted line).
Alternative scenario: from the level of 1.3187 (closing of the Friday's daily candlestick), the price may start moving upward with the goal of 1.3231 - a pullback level of 61.8% (blue dotted line). When testing this level, work downward with a target of 1.3159, which is a pullback level of 23.6% (red dotted line).
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