Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.1789 (closing of yesterday's daily candle) with the target at the upper fractal 1.1884 (candle from 08/21/2020). From here, the price may continue to move upwards with the target at the upper fractal 1.1967 (red dotted line).
Figure: 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price may continue to move upward from the level of 1.1789 (closing of yesterday's daily candle) with the target at the upper fractal 1.1884 (candle from 08/21/2020). From here, the price may continue to move upwards with the next target at the upper fractal 1.1967 (red dotted line).
Another possible scenario is from the level of 1.1789 (closing of yesterday's daily candle), the price may continue to move upward with the target of 1.1823 - a 61.8% pullback level (blue dashed line). Upon reaching this level, the price may begin to move downward with the target at the support level of 1.1700 (black thick line ).
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