Trend analysis (Fig. 1).

On Thursday, the price will move up. The first upper target of 1.2924 is the rolling level of 23.6% (yellow dotted line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – up;

– trend analysis – down;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

The price will move up on Thursday. The first upper target of 1.2924 is the rolling level of 23.6% (yellow dotted line).

The material has been provided by InstaForex Company – www.instaforex.com

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