Trend analysis (Fig. 1).
Today, the market from the level of 1.1862 (closing of last Friday's daily candlestick) may start moving up with the target at 1.1908 - the retracement level of 14.6% (blue dotted line). After testing this level, the upward movement may continue with the target of 1.1946 - the retracement level of 23.6% (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 1.1862 (closing of last Friday's daily candlestick) may start moving up with the target at 1.1908 - the retracement level of 14.6% (blue dotted line). After testing this level, the upward movement may continue with the target of 1.1946 - the retracement level of 23.6% (blue dashed line).
Alternative scenario: the price from the level of 1.1862 (closing of last Friday's daily candlestick) will continue to move downward, with the target at 1.1811 - the historical support level (blue dashed line). And upon testing this level, it is possible to move upwards.