Trend analysis (Fig. 1).
On Monday, an upward movement is possible with the upper target of 1.2700, the historical resistance level (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Monday, there will be an upward movement with the upper target of 1.2700, the historical resistance level (blue dashed line).
The material has been provided by InstaForex Company -
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