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Trend analysis (Fig. 1).
On Monday, the market may continue to move up, with the target of 1.1099 - the resistance line (red bold line). From this level rollback is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - down.
General conclusion:
On Monday, upward movement is possible.
Upper target 1.1099 - resistance line (red bold line). From this level rollback is possible.
An unlikely scenario is from a retracement level of 38.2% - 1.1063 (blue dashed line) downward movement with a target of 1.1030 - a retracement level of 50.0% (red dashed line).
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