Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% - 1.1360 (blue dotted line). The second upper target is 1.1388 - 21 average EMA (black thin line).
Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis - up;- Fibonacci levels - up;- Volumes - up;- Candlestick analysis - strongly down;- Trend analysis - up;- Bollinger lines - up;- Weekly schedule - up.General conclusion:On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% - 1.1360 (blue dashed line). The second upper target is 1.1388 - 21 average EMA (black thin line).
The material has been provided by InstaForex Company - www.instaforex.com