Trend analysis (Fig. 1).
On Friday, the price may start moving up. The first upper target of 1.1249 is the pullback level of 14.6% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Friday, the price may start moving up. The first upper target of 1.1249 is the pullback level of 14.6% (yellow dotted line). Most likely, this line will be broken up.
The material has been provided by InstaForex Company - www.instaforex.com
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