Trend analysis (Fig. 1).
On Wednesday, the price will move up. The first upper target of 1.2980 is the recoiling level of 38.2% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
The price will move up on Wednesday. The first upper target of 1.2980 is the recoiling level of 38.2% (yellow dotted line).
The material has been provided by InstaForex Company -
www.instaforex.com