Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2117 (closing of yesterday's daily candle) may continue to move up with the target of 1.2176 - the resistance level (the blue bold line). When testing this level, it is possible to continue working upwards with the target of 1.2234 - the historical resistance level (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:

Today, the market from the level of 1.22117 (closing of yesterday's daily candle) may continue to move up with the target of 1.2176 - the resistance level (the blue bold line). When testing this level, it is possible to continue working upwards with the target of 1.2274 - the 85.4% retracement level (yellow dotted line).

Unlikely scenario: from the level of 1.2117 (closing of yesterday's daily candle), the pair may continue to move up with the target of 1.2144 - the upper fractal (daily candle from 02/10/2021). When testing this level, it is possible to work downwards with a target of 1.2063 - the 38.2% retracement level (red dotted line).