Trend analysis (Fig. 1).
On Tuesday, it is possible to move up with the first target 1.2987 - a pullback level of 38.2% (red dashed line) from the support level 1.2903 (white bold line). If this level is reached, we can continue working upwards with the target of 1.3031 which is a pullback level of 50.0% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
Today, the price may continue to move up.
On Tuesday, there is also a very possible scenario: Working down with the target of 1.2756 which is the support line (red bold line) from the support level of 1.2903 (white bold line).
The material has been provided by InstaForex Company - www.instaforex.com