Trend analysis (Fig. 1).
On Wednesday, the price may start moving upwards. The first upper target of 1.1248 is the pullback level of 23.6% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Wednesday, the price may start moving upwards. The first upper target of 1.1248 is the pullback level of 23.6% (yellow dotted line).
The material has been provided by InstaForex Company - www.instaforex.com