On Thursday, the price may roll back up. The last three candles are black in color and grow in size, in candlestick analysis - strong upwards. The first upper target of 1.1381 is the rolling level of 14.6% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the price may roll back up. The first upper target of 1.1381 is the rolling level of 14.6% (yellow dotted line).
The material has been provided by InstaForex Company -
www.instaforex.com