Trend analysis (Fig. 1).

Today, the market from the level of 1.2070 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2102 - the 76.4% retracement level (yellow dashed line). After testing this level, the continuation of work upward is possible, with the target of 1.2166 - the price level of 161.8% (blue dashed 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 market from the level of 1.2070 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2102 - the 76.4% retracement level (yellow dashed line). After testing this level, the continuation of work upward is possible, with the target of 1.2166 - the price level of 161.8% (blue dashed line).

Unlikely scenario: from the level of 1.2070 (closing of yesterday's daily candlestick), it may start moving upwards with the target of 1.2102 - the 76.4% retracement level (yellow dashed line). Upon reaching this level, work downwards may continue with the target of 1.2051 - the support line of the ascending channel (blue bold line). After testing this line, work upward may continue with the target of 1.2102 - the 76.4% retracement level (yellow dashed line).