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Trend analysis (Fig. 1).
On Tuesday, the market from yesterday's daily candlestick closing level of 1.1290 will try to reach the pullback level of 38.2% or 1.1389 (blue dotted line), and most likely it will move up.
Figure 1 (daily chart).
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger bands - up;
- weekly chart - up.
Conclusion:
Today, the price from yesterday's daily candle closing level of 1.1290, moving upwards, will try to reach the pullback level of 38.2% or 1.1389 (blue dotted line) and, most likely, it will move up after that.
Unlikely scenario: price from yesterday's daily candlestick closing level of 1.1290 will try to continue moving downwards with the target 1.1253, the target level (red dotted line). The price, having tested this level, may start moving upwards with a target of 1.1259, a pullback level of 14.6% (blue dotted line).
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