Trend analysis (Fig. 1).
On Friday, the price, before the news, may make the upper movement. The first upper target 1.1235 is a pullback level of 23.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Friday, the price, before the news, may make the upper movement. The first upper target 1.1235 is a pullback level of 23.6% (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com