Trend analysis (Fig. 1).
On Friday, the price, after breaking through the resistance line, may continue to move up with the target of 1.2385 - the upper fractal. From this level you can work down.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Friday, the price will continue to move up.
An unlikely scenario is a downward movement, with the first target of 1.23818 - a support line (red bold line).
The material has been provided by InstaForex Company - www.instaforex.com