Trend analysis (Fig. 1).
On Friday, the price, before the news, may make the upper movement. The first upper target 1.1235 is a pullback level of 23.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – up;
– volumes – down;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – up.
General conclusion:
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
On Friday, the price, before the news, may make the upper movement. The first upper target 1.1235 is a pullback level of 23.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – up;
– volumes – down;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – up.
General conclusion:
On Friday, the price, before the news, may make the upper movement. The first upper target 1.1235 is a pullback level of 23.6% (blue dashed line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: