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Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.3215 (closing of yesterday's daily candle) with the target at the upper fractal 1.3267. (red dotted line). Upon reaching this level, the price may continue to move upward with the next target at the historical resistance level of 1.3310 (blue dotted line).
Figure: 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today the price may continue to move upward from the level of 1.3215 (closing of yesterday's daily candle) with the target at the upper fractal 1.3267. (red dotted line). Upon reaching this level, the price may continue to move upward with the next target at the historical resistance level of 1.3310 (blue dotted line).
Another possible scenario is upon reaching the upper fractal 1.3267 (red dotted line), the price may begin to move downward with the target at 1.3118 - a 14.6% pullback level (red dotted line). If this level is broken down, the next target will be at 1.3028 - a 23.6% pullback level (red dotted line).
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