Trend analysis (Fig. 1).

Today, the market from the level of 1.3795 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.3850 - the retracement level of 14.6% (blue dashed line). Upon testing this line, the upward movement may continue with the target of 1.3891 - the retracement level of 23.6% (blue dashed line). From this level, it is possible to continue the upward movement with the target of 1.3956 - the retracement level of 38.2% (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.3795 (closing of last Friday's daily candlestick) may start moving upwards with the target of 1.3850 - the retracement level of 14.6% (blue dashed line). Upon testing this line, the upward movement may continue with the target of 1.3891 - the retracement level of 23.6% (blue dashed line). From this level, it is possible to continue the upward movement with the target of 1.3956 - the retracement level of 38.2% (blue dashed line).

Alternative scenario: from the level of 1.3795 (closing of last Friday's daily candlestick), it may continue to move down with the target at 1.3752 - the retracement level of 85.4% (red dotted line). And then, an upward movement is possible from this level, with the target at 1.3850 - the retracement level of 14.6% (blue dashed line).