Trend analysis (Fig. 1).
The market may move up on Thursday from the level of 1.1030 (close of yesterday's daily candle) to the target level of 1.1069, the 76.4% retracement level (yellow dotted line). In case of testing this level, the price may continue to move up to test 1.1088, the 85.4% retracement level (yellow dotted line). Upon reaching this level, the price may roll back down to the target level of 1.1028, the 13 EMA (yellow thin line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - up;Fibonacci levels - up;Volumes - up;Candlestick analysis - up;Trend analysis - up;Bollinger Bands - up;Weekly chart up.General conclusion:
The market may move up from the level of 1.1030 (close of yesterday's daily candle) to the target level of 1.1069, the 76.4% retracement level (yellow dotted line). In case of testing this level, the price may continue to move upwards to test 1.1088, the 85.4% retracement level (yellow dotted line). Upon reaching this level, the price may roll back down to the target level of 1.1028, the 13 EMA (yellow thin line).
Alternative scenario: from the level of 1.1030 (close of yesterday's daily candle), the price ay move up to the target level of 1.1069, the 76.4% retracement level (yellow dotted line). Upon reaching this level, the price may roll back down to the target level of 1.1000, the 8 EMA (blue thin line).