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Trend analysis (Fig. 1).
On Friday, the price after breaking through the pullback level of 38.2% (1.2502 - the red dotted line) may continue to move up to the target of 1.2670 - the pullback level of 50% (red dashed line). The next level may occur pullbacks to bottom: 1.2560 (the upper fractal), 1.2649 (the upper boundary of the Bollinger bands).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Friday, the price will continue to move up.
An unlikely scenario is a downward movement, with the first target of 1.2438 - a lower fractal.
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