Trend analysis (Fig. 1).
On Wednesday, a downward movement is possible with the first target of 1.1301 - the historical support level (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - top;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Wednesday, the downward movement reached 1.1301 which is the historical support level (blue dashed line). The top is possible with the first goal of 1.1403 - the upper fractal.
The material has been provided by InstaForex Company -
www.instaforex.com