Trend analysis (Fig. 1).
On Thursday it is possible to continue the upward movement with the first goal of the recoil level of 23.6% at 1.1360 (blue dashed line). The second upper target is 1.1388 at the 21 average EMA (black thin 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 Thursday it is possible to continue the upward movement with the first goal of the recoil level of 23.6% at 1.1360 (blue dashed line). The second upper target is 1.1388 at the 21 average EMA (black thin line).
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