Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Alternative scenario: from the level of 1.2034 (closing of yesterday's daily candlestick), it may start moving upwards with the target of 1.2075 - the historical resistance level (blue dashed line). After testing this level, it is possible to work down with the target of 1.2025, the 14.6% retracement level (red dashed line).