Trend analysis (Fig. 1).
Today, the price may push off from the support line 1.2965 presented in a white bold line and start moving up with the goal of 1.3085 which is a pullback level of 38.2% presented in a red dotted line. If this line is reached, a continuation of work up with the goal of 1.3161 which is a pullback level of 61.8% presented in a red dotted line.
Fig. 1 (daily chart).
– Indicator analysis-up;
– Fibonacci levels-up;
– Candle analysis-up;
– Trend analysis-up;
– Bollinger lines-up;
– Weekly chart – the up.
The price may start moving up today.
A downward scenario is unlikely but quite possible. From the level of 1.2990, the closing of yesterday’s daily candle, work down with the goal of 1.2905, the lower fractal.
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