Trend analysis (Fig. 1).

On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue 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 – up;

– Bollinger lines – up;

– Weekly schedule – up.

General conclusion:

On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue dotted line). From 1.2601, you can work up.

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

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