The market decided once again to test the level of 1.1258 - the support line (blue bold line), but it never reached it. On Thursday, strong calendar news is expected at 16.30 Moscow time.
Trend analysis (Fig. 1).
On Thursday, the price will continue to move down. The first lower target 1.1258 is the support line (blue bold line), then the top is possible.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price will continue to move down. The first lower target of 1.1258 is the support line (blue bold line), then the top is possible with the first upper target of 1.1313 - the recoil level is 23.6% (yellow dotted line).
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