Trend analysis (Fig. 1).
On Thursday, the price may continue to move upwards. The first upper target of 1.1481 is the retracement level of 76.4% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price may continue to move upwards. The first upper target of 1.1481 is the retracement level of 76.4% (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com
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