Trend analysis (Fig. 1).

On Thursday, the price may continue to move upwards. The first upper target of 1.1286 is the pullback level of 38.2% (yellow dotted line).

J8x3cyUZZ5FmN9BdThP6vYGpF75ghukmSPOn8kHa

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – up;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

On Thursday, the price may continue to move upwards. The first upper target of 1.1286 is the pullback level of 38.2% (yellow dotted line).

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

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.