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Trend analysis (Fig. 1).
On Monday, the market from the level of 1.2117 (closing of last Friday's daily candle), while moving upwards, may test the resistance level - 1.2177 (blue bold line). In case of testing this level, the price may continue to move upward with the target of 1.2234 - the historical resistance level (blue dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.2117 (closing of last Friday's daily candlestick), while moving upwards, may test the resistance level - 1.2177 (blue bold line). If this level is tested, the price may continue to move upward with the target of 1.2234 - the historical resistance level (blue dashed line).
Unlikely scenario: from the level of 1.2117 (closing of last Friday's daily candle), the price may start moving down to the 38.2% retracement level - 1.2063 (red dotted line). If this level is tested, the price may continue to move upward with the target of 1.2102 - the 76.4% retracement level (yellow dashed line).
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