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Trend analysis (Fig. 1).
On Wednesday, the price may begin to move down with the first target at 1.3047 a pullback level of 38.2% presented in a blue dashed line. The next lower target 1.2996 is a pullback level of 50.0% presented in a blue dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the price may begin to move down with the first target at 1.3047 a pullback level of 38.2% presented in a blue dashed line. The next lower target 1.2996 is a pullback level of 50.0% presented in a blue dashed line.
The first scenario is unlikely, therefore, from level 1.3110 work up with the first target 1.3215 this is the upper fractal in a blue dashed line.
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