Trend analysis (Fig. 1).
On Thursday, the price may continue to move down. The first lower target 1.1234 is the support line (blue thick line). Most likely, it will be repulsed from this line up.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the price may continue to move down. The first lower target 1.1234 is the support line (blue thick line). Most likely, it will be repulsed from this line up.
The material has been provided by InstaForex Company - www.instaforex.com
No comments:
Post a Comment