Trend analysis (Fig. 1).
On Wednesday, the price may begin a roll back upward movement, with the first goal 1.2087 - the resistance line (red bold line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Wednesday, the price may begin a roll back upward movement, with the first goal 1.2087 - the resistance line (red bold line).
The material has been provided by InstaForex Company - www.instaforex.com