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Trend analysis (Fig. 1).
On Thursday, the market from the level of 1.3933 (the closing of yesterday's daily candlestick) may continue to move upward with the target of 1.4014 - the 61.8% retracement level (blue dotted line). After testing this line, it is likely to continue to move upward, with the target of 1.4095 - the 76.4% retracement level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.3933 (the closing of yesterday's daily candlestick) may start moving upwards with the target of 1.4014 - the 61.8% retracement level (blue dashed line). After testing this line, it is likely to continue to move upward, with the target of 1.4095 - the 76.4% retracement level (blue dashed line).
Unlikely scenario: from the level of 1.3933 (the closing of yesterday's daily candlestick), the price may continue to move upward with the target of 1.4007 - the upper fractal (daily candlestick from 04/20/2021). After testing this level, it is possible that it will start moving downwards, with the target of 1.3905 - 8 EMA (blue thin line).
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