Yesterday, the pair moved up, failed to reach the upper limit of the Bollinger line indicator of 1.4151 (black dotted line) and closed the daily candle at 1.4110. Today, the price will try to continue moving up according to the economic calendar news that is expected at 15.00 and 15.30 UTC (USD).
Trend Analysis (Fig. 1).
Today, the market will try to continue moving up from the level of 1.4110 (the closing of yesterday's daily candle) in order to reach the upper limit of the Bollinger line indicator of 1.4297 (the black dotted line). In the case of testing this level, it is possible to move down with the target of 1.4018-8 average EMA (blue thin line).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis - up
- Fibonacci Levels - up
- Volumes - up
- Candlestick Analysis - up
- Trend Analysis - up
- Bollinger Bands - up
- Weekly Schedule - up
General Conclusion:
Today, the price will try to continue moving up from the level of 1.4110 (the closing of yesterday's daily candle) in order to reach the upper limit of the Bollinger line indicator of 1.4297 (the black dotted line). In the case of testing this level, it is possible to move down with the target of 1.4018-8 average EMA (blue thin line).
Unlikely scenario: the price will try to continue moving up from the level of 1.4110 (the closing of yesterday's daily candle) in order to reach the historical resistance level of 1.4285 (the blue dotted line). In the case of testing this level, it is possible to go down with the target of 1.4076 - 5 is the average EMA (red thin line).