On Thursday, after touching the cloud consisting of the resistance line 1.1507 (red bold line) and the sliding level 76.4% - 1.1505 (yellow dashed line), the price will move down. The first lower target of 1.1478 is the rolling level of 14.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price will move down. The first lower target of 1.1478 is the rolling level of 14.6% (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com