Trend analysis (Fig. 1).

On Monday, the market from the level of 1.2095 (closing of last Friday's daily candlestick) may continue to move upward with the target of 1.2166 - the level of 161.8% (blue dotted line). If this level is tested, the price may continue to move upward, 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 - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.2095 (closing of last Friday's daily candlestick) may continue to move upward with the target of 1.2166 - the level of 161.8% (blue dashed line). If this level is tested, the price may continue to move upward with the target of 1.2234 - the historical resistance level (blue dotted line).

Alternative scenario: the price will start moving downwards from the level of 1.2095 (closing of last Friday's daily candlestick) with the target of 1.2056 - the 14.6% retracement level (red dashed line). If this level is tested, the price may continue to move upward to the target set at 1.2166 - the level of 161.8% (blue dashed line).