On Wednesday, it is possible to continue the downward movement with the first target 1.1301 - the historical level of support (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - top;
- candlestick analysis is neutral;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Wednesday, it is possible to continue the downward movement with the first target 1.1301 - the historical level of support (blue dashed line). From this level you can work up.
The material has been provided by InstaForex Company - www.instaforex.com