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Trend analysis (Fig. 1).
On Tuesday, the first upper target is a pullback level of 50.0% which is equivalent to 1.1079 presented in a red dashed line. If successful, the next upper target 1.1088 is a retracement level of 61.8% presented in a red dashed line. From the level of 1.1088, we can expect the continuation of the upper work with the target of 1.1111 on the upper fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Tuesday, the first upper target is a pullback level of 50.0% which is equivalent to 1.1079 presented in a red dashed line. If successful, the next upper target 1.1088 is a retracement level of 61.8% presented in a red dashed line. From the level of 1.1088, we can expect upper work with the target of 1.1111, the upper fractal.
Although unlikely, there is still a possibility that the price may move down to the lower fractal 1.1041 which is presented in a red dashed line.
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