Trend analysis (Fig. 1).
On Wednesday, the price may attempt to break through the resistance line 1.1301 again (red bold line).The first upper target 1.1325 is the upper fractal.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Wednesday, the price may attempt to break through the resistance line 1.1301 again (red bold line). The first upper target 1.1325 is the upper fractal.
The material has been provided by InstaForex Company - www.instaforex.com