Trend analysis (Fig. 1).

Today, the market from the level of 1.1805 (closing of last Friday's daily candlestick) may start moving upward with the target at 1.1843 - the retracement level of 14.6% (blue dotted line). Once this level is tested, the upward movement may continue with the target at 1.1888 - the 23.6% retracement level (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 - down;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.1805 (closing of last Friday's daily candlestick) may start moving upward with the target at 1.1843 - the retracement level of 14.6% (blue dotted line). Once this level is tested, the upward movement may continue with the target at 1.1888 - the 23.6% retracement level (blue dashed line).

Alternative scenario: the price from the level of 1.1805 (closing of last Friday's daily candlestick) may continue to move downward with the target at 1.1772 - the lower fractal (blue dashed line). When this level is tested, it is possible to move upward with the target at 1.1811 - the historical resistance level (blue dashed line).