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Trend analysis (Fig. 1)
The price from the level of 1.3608 (closing of yesterday's daily candle) is expected to continue rising today in order to test the level of 1.3677 – the pullback level of 76.4% (yellow dotted line). After reaching this level, it may make an attempt to further rise to the target of 1.3737 – the pullback level of 85.4% (yellow dotted line).
Fig 1 (daily chart)
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.3608 (closing of yesterday's daily candle) will resume its growth to test the level of 1.3677 – the pullback level of 76.4% (yellow dotted line). Once this level is tested, the upward movement may continue to the target of 1.3737 – the pullback level of 85.4% (yellow dotted line).
Alternatively, the price from the level of 1.3608 (closing of yesterday's daily candle) will decline to the target of 1.3562 – the support line (thick yellow line) and then rise upon reaching this line.
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