Trend analysis (Fig. 1).
On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Friday, the uptrend with the first target of 1.2700 is the historical resistance level (blue dotted line). From 1.2601, you can work up.
The material has been provided by InstaForex Company -
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