Trend analysis (Fig. 1).

On Friday, the market from the level of 1.2120 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2102 (blue bold line). After testing this line, it is likely to continue moving upward with the target of 1.2149 - the upper fractal (red dotted line). And upon reaching this level, the upward movement may continue with the target of 1.2166 - the target level of 161.8% (blue dashed 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 1.2120 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2102 (blue bold line). After testing this line, it is likely to continue moving upward with the target of 1.2149 - the upper fractal (red dotted line). And upon reaching this level, the upward movement may continue with the target of 1.2166 - the target level of 161.8% (blue dashed line).

Unlikely scenario: the price from the level of 1.2120 (closing of yesterday's daily candlestick), will move down and try to reach the support line - 1.2102 (blue bold line). After testing this line, the downward movement may continue with the target of 1.2080 - the 14.6% retracement level (red dotted line). In case of testing this level, it is possible that it will continue moving upwards with the target of 1.2149 - the upper fractal (red dotted line).