Trend analysis (Fig. 1).
On Friday, the price will move down. The first lower target of 1.2737 is the recoiling level of 61.8% (blue dotted 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 - up.
General conclusion:
The price will move down on Friday. The recoiling level of 61.8% (blue dotted line) is the first lower target of 1.2737.
The material has been provided by InstaForex Company - www.instaforex.com