Trend analysis (Fig. 1).
The market may move up from the level of 1.1085 (close of yesterday's daily candle) to the target of 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may roll back down with the target at 1.1063, the 38.2% retracement level (red dotted line). From this level, it is possible to continue moving up.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - up;Bollinger bands - up;Weekly chart - up.General conclusion:
The price may move up from the level of 1.1085 (close of yesterday's daily candle) to the target of 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may roll back down with the target at 1.1063, the 38.2% retracement level (red dotted line). From this level, it is possible to continue moving up.
Alternative scenario: from the level of 1.1085 (close of yesterday's daily candle), the price may move up with the target at 1.1145, the 50.0% retracement level (yellow dotted line). After testing this level, the price may start a pullback movement downwards with the target of 1.1040, the 50.0% retracement level (yellow dotted line). After testing this level, the price may continue to move upwards with the target of 1.1145, the 50.0% retracement level (blue dotted line).