Trend analysis (Fig. 1).

Today, the market from the level of 1.2164 (closing of yesterday's daily candle), may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). Upon testing this level, it is possible to continue working up with a target of 1.2275 – the 85.4% retracement level (yellow dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the market from the level of 1.2164 (closing of yesterday's daily candle), may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). When testing this level, it is possible to continue working up with a target of 1.2275 – the 85.4% retracement level (yellow dotted line).

Unlikely scenario: from the level of 1.2164 (closing of yesterday's daily candle), the price may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). Upon testing this level, it is possible to work downwards with a target of 1.2172 – the 38.2% retracement level (red dotted line).