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Trend analysis (Fig. 1)
Today, the price from the level of 1.3620 (closing of yesterday's daily candle) will try to move upwards to the target of 1.3677 – the pullback level of 76.4% (yellow dotted line). After testing this line, the upward movement may continue to the next target of 1.3943 – the pullback level of 85.4% (yellow dotted line).
Figure 1 (daily chart).
Comprehensive analysis:
Overall conclusion:
Today, the price from the level of 1.3620 (closing of yesterday's daily candle) will most likely continue rising towards the target of 1.3677 – the pullback level of 76.4% (yellow dotted line). Upon testing this line, the upward movement may continue to the next target of 1.3943 – the pullback level of 85.4% (yellow dotted line).
An alternative scenario: the price from the level of 1.3620 (closing of yesterday's daily candle) may continue to move upwards to the target of 1.3677 – the pullback level of 76.4% (yellow dotted line). After testing this line, a downward pullback is possible, with the target of 1.3481 – the historical support level (blue dashed line).
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