Trend analysis (Fig. 1).
On Monday, the price will move down with the first goal at the support line of 1.2740 (red thick line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly chart - down.
General conclusion:
On Monday, the price will move down with the first goal at the support line of 1.2740 (red thick line). A strong news is expected to be released at 11.30 time.
The material has been provided by InstaForex Company - www.instaforex.com