Trend analysis (Fig. 1).
Today, the market from the level of 1.3764 (closing of yesterday's daily candlestick) will try to roll back downward with the target of 1.3704 - the 38.2% retracement level (red dotted line). After testing this level, the price may continue to move upward with the target at 1.3823 - the 38.2% retracement level (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 1.3764 (closing of yesterday's daily candlestick) will try to roll back downward with the target of 1.3704 - the 38.2% retracement level (red dotted line). After testing this level, the price may continue to move upward with the target at 1.3823 - the 38.2% retracement level (blue dashed line).
Unlikely scenario: from the level of 1.3764 (closing of yesterday's daily candlestick), it will try to start moving down with the target of 1.3704 - the 38.2% retracement level (red dotted line). Upon reaching this level, the price may continue moving downward with the target of 1.3677 - the 50.0% retracement level (red dotted line). From this level, it is possible to move upward.