Trend analysis (Fig. 1).
On Friday, the price will move up, with the first target of 1.2511 - the resistance line (blue bold line). From this level, a rollback is possible.
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 Friday, the price may continue to move up.
The first upper target of 1.2511 is the resistance line (blue bold line).
An unlikely scenario is a downward movement with a target pullback level of 23.6% - 1.2406 (red dotted line).
The material has been provided by InstaForex Company - www.instaforex.com