Trend analysis (Fig. 1).
On Tuesday, the market will move up with the first target of 1.15599 at 38.2% (blue dashed line), and it is only possible to continue the upward movement with the subsequent goal of the upper fractal 1.1612 if a breakout occurs on this level.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Tuesday, an upward movement with the first target of 1.1599 is expected with a recoil level of 38.2% (blue dashed line) and a continuation of the uptrend when it breaks through.
The material has been provided by InstaForex Company - www.instaforex.com