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Trend analysis (Fig. 1).
On Tuesday, the market from the level of 1.3595 (closing of yesterday's daily candle) may continue upward movement with the target at 1.3624 – historical resistance level (blue dotted line). When testing this level, the price may begin moving downward with the target at 1.3593 – upper fractal (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Overall conclusion: upward trend.
Alternative scenario: from the level of 1.3595 (closing of yesterday's daily candle), the price may start moving upward with the target at 1.3682 – target level 161.8% (red dotted line). When testing this level, the price may then begin moving downward with the target at 1.3624 – historical resistance level (blue 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.