Trend analysis (Figure 1)
On Monday, the market from the closing level of Friday's daily candle 1.1442 may start moving upwards with the target of 1.1502, a pullback level of 14.6% (yellow dashed line). If this level is tested, there is an upside movement with a target of 1.1545, a pullback level of 23.6% (yellow dotted line).
Figure 1 (daily chart).
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger bands - up;
- weekly chart – up
Conclusion:
Today the price from Friday's daily candle closing level of 1.1442 may start an upward movement with the target 1.1502, the 14.6% pullback level (yellow dotted line). If this level is tested, there is an upside movement with a target of 1.1545, a pullback level of 23.6% (yellow dotted line).
Unlikely scenario: price from Friday's daily candle closing level of 1.1442 could continue to move downwards with a target of 1.1420, the 161.8% target level (blue dotted line). If this level is tested, upside movement is possible with a target of 1.1502, a 14.6% pullback level (yellow dotted line).