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Trend analysis (Fig. 1).
On Thursday, from the 1.3494 level (yesterday's daily close), the market may continue moving upward, targeting 1.3522 – the 85.4% retracement level (red dotted line). From this level, the price may rebound downward, aiming for 1.3482 – the 76.4% retracement level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Overall conclusion: upward trend.
Alternative scenario: From the 1.3494 level (yesterday's daily close), the price may continue moving upward, targeting 1.3522 – the 85.4% retracement level (red dotted line). From this level, the price may rebound downward, aiming for 1.3416 – the 61.8% retracement level (red dotted line).
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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.