Trend analysis (Fig. 1).
Today, from the level of 1.2160 (closing of yesterday's candle) the pair will continue to move up with the target of 1.2307, a pullback level of 50.0% (red dashed line). Upon reaching this line, the continuation of the upward movement is with the target of 1.2517, a retracement level of 61.8% (red dashed line).
Fig. 1 (daily chart).
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
Today an upward movement is possible.
Unlikely scenario: from a pullback level of 50.0% - 1.2307 (red dashed line), work down with a target of 1.2098, a pullback level of 23.6% (blue dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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