Trend Analysis (Fig. 1)

On Friday, from the level of 1.1646 (yesterday's daily candle close), the market may begin moving upward toward 1.1697 – the 76.4% retracement level (yellow dotted line). Upon testing this level, a pullback down is possible toward 1.1680 – the 14.6% retracement level (blue dotted line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – upward;
• Candlestick analysis – upward;
• Trend analysis – upward;
• Bollinger Bands – upward;
• Weekly chart – upward.

Overall conclusion: Uptrend.

Alternative scenario: Today, from the level of 1.1646 (yesterday's daily candle close), the price may start moving upward toward 1.1697 – the 76.4% retracement level (yellow dotted line). Upon testing this level, the upward move may continue toward 1.1730 – the upper fractal (blue dotted line).