Trend analysis (Fig. 1).
On Wednesday, the continuation of the upward movement with the target of 1.1004 is possible - a pullback level of 23.6% (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, the upward movement will continue.
An unlikely scenario is a downward movement, with the first target of 1.0927 - a lower fractal.
The material has been provided by InstaForex Company - www.instaforex.com