Trend analysis (Fig. 1).
On Wednesday, the price will move down. The first lower target 1.1383 is a lower fractal and then a rolling level of 61.8%.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
The price will move down on Wednesday. The first lower target 1.1383 is a lower fractal and then a rolling level of 61.8% (yellow dashed line).
The material has been provided by InstaForex Company - www.instaforex.com