Trend analysis (Fig. 1).
On Wednesday, an uptrend is expected with the first target of 1.1499 - the rolling level of 38.2% (yellow dotted line).
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 the Wednesday, an uptrend is expected with the first target of 1.1499 - the rolling level of 38.2% (yellow dotted line), but earlier at noon, there is a bottom movement.
The material has been provided by InstaForex Company - www.instaforex.com