Trend Analysis (Fig. 1)
On Thursday, from the level of 1.3353 (yesterday's daily close), the market may continue moving upward toward the 76.4% retracement level at 1.3416 (blue dotted line). From this level, the price may pull back downward toward 1.3385 – the 50% retracement level (red dotted line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Indicator analysis – upwardFibonacci levels – upwardVolume – upwardCandlestick analysis – upwardTrend analysis – upwardBollinger Bands – upwardWeekly chart – upwardOverall Conclusion: Upward trend
Alternative Scenario: From the level of 1.3353 (yesterday's daily close), the price may continue to rise toward 1.3416 – the 76.4% retracement level (blue dotted line). From this level, the price may extend its upward movement toward 1.3433 – the 61.8% retracement level (red dotted line).