Trend analysis (Fig. 1).
On Thursday, the price will move up, with the target of 1.3013 - the upper fractal (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price may continue to move up.
The first upper target of 1.3013 is the upper fractal (blue dashed line).
An unlikely scenario is a downward movement to a pullback level of 233.6% - 1.2820 (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com