Trend analysis (Fig. 1).
The market may move up from the level of 1.1156 (close of yesterday's daily candle) to the target of 1.1190, the historical resistance level (blue dotted line). In case of testing this level, the price may move down to test 1.1128, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up with the target of 1.1224, the 61.8% retracement level (blue dotted 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 price may move up from the level of 1.1156 (close of yesterday's daily candle) to the target of 1.1190, the historical resistance level (blue dotted line). In case of testing this level, the price may move down to test 1.1128, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up with the target of 1.1224, the 61.8% retracement level (blue dotted line).
Alternative scenario: from the level of 1.1156 (close of yesterday's daily candle), the price may move upward with the target of 1.1190, the historical resistance level (blue dotted line). In case of testing this level, the price may move down to test 1.1149, the 14.6% retracement level (yellow dotted line). In case of testing this level, the price may move up.