Trend analysis (Fig. 1).
On Thursday, the price before the news will move up in the side channel. The first upper target of 1.2968 is the rolling level of 14.6.% (Yellow dotted line). Moreover, the news will be more of a negative nature.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the price before the news will move up in the side channel. The first upper target of 1.2968 is the rolling level of 14.6.% (Yellow dotted line).
The material has been provided by InstaForex Company -
www.instaforex.com