The market on Monday, moving down, did not reach the rolling level of 14.6% - 1.3109 (blue dashed line). Moreover, the price on Tuesday, most likely, will continue to move down. Strong calendar news today is expected at 18.00 (negative) Moscow time. Today, it is also expected to make a vote in the British Parliament on the Brexit agreement.
Trend analysis (Fig. 1).
On Tuesday, work down from the first lower target 1.3109 is a rolling level of 14.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Tuesday, work down from the first lower target 1.3109 is a rolling level of 14.6% (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com