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Trend analysis (Fig. 1).
Today, from the level of 1.0882 (closing of yesterday's candle) the price will attempt to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, the downward movement will continue with the target of 1.0889, a retracement level of 23.6% (Blue dashed line).
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:
Today, the price will try to continue to move up.
An unlikely scenario: from a pullback level of 38.2% - 1.0965 (red dashed line), work down, with a target of 1.0802, a pullback level of 50% (blue dashed line).
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