Trend analysis (Fig. 1)
Today, the market may continue to move upward from the level of 1.1772 (closing of yesterday's daily candle) with the target of 1.1813, a retracement level of 50.0% (red dotted line). The price, having tested this line, will continue to work upward with the target at 1.1833 - the upper fractal (blue dotted line). The upward trend continues.
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 - upGeneral conclusion:
Today, the price from the level of 1.1772 (closing of yesterday's daily candle) may continue to move upward with the target of 1.1813, the retracement level of 50.0% (red dotted line). The price, having tested this line, will continue to work upward with the target at 1.1833 - the upper fractal (blue dotted line).
Unlikely scenario: when working upwards, upon reaching the upper fractal - 1.1795 (candle from 19.10.2020) - working downwards, with the target at 1.1718 - the support line (red bold line).