Trend analysis (Fig. 1).
On Monday, the price will try again to break through the resistance line of 1.1462 (the red bold line). The probability of breaking 70% to 30%. In the case of penetration, the next target of 1.1487 is the upper fractal.
Fig. 1 (daily schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis is neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, the price will once again try to break through the resistance lines of 1.1459 (red bold line). If this works out (70% probability), then the next upper fractal is 1.1487, if not, then a downward movement is possible with the first target of 1.1424, a recoil level of 23.6% (yellow dotted line). Before lunch, only the bottom.
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