On Friday, the price before the news (12.00 Moscow time) will move up. Then the bottom is possible. The first lower target of 1.1256 is the support line (blue bold line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Friday, the price will move up before the news release (12.00 Moscow time). Then, the bottom is possible. The first lower target of 1.1256 is the support line (blue bold line).
The material has been provided by InstaForex Company - www.instaforex.com