On Friday, the price may continue its rollback down. The first lower target of 1.1350 is the recoil level of 38.2% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - down.
General conclusion:
On Friday, the price may continue its rollback down. The first lower target of 1.1350 is the recoil level of 38.2% (yellow dotted line).
The material has been provided by InstaForex Company - www.instaforex.com