Trend analysis (Fig. 1).
On Wednesday, the market will move downward, with the first goal of 1417 on the support line (white thin line) and a strong news is expected to come out at 10.30.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Wednesday, the downward movement is expected with the first target of 1.1417 on the support line (white thin line). If the market reaches this level, then an upward movement may begin.
The material has been provided by InstaForex Company - www.instaforex.com