Trend analysis (Fig. 1).
On Thursday, the price, after testing the resistance line, can begin to move down with the target of a pullback level of 23.6% - 1.2189 (blue dashed line) and in case of breaking further up to the pullback level of 38.2% - 1.2146 (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - down.
General conclusion:
On Wednesday, the price may begin to move down.
An unlikely scenario is an upward movement, with the first target of 1.2310 - an upper fractal.