On Monday, the market, moving up, almost reached the pullback level of 38.2% (yellow dotted line). On Tuesday, strong calendar news comes out at 10.55 and 17.00 Moscow time. Today, after reaching the rollback level of 38.2% (yellow dotted line) - 1.1193, a pullback is possible, but only a pullback, and so the upward trend will continue.
Trend analysis (Fig. 1).
On Tuesday, a downward movement is possible after the price tests the pullback level of 38.2% 1.1175 (yellow dashed line), but it will be just a pullback, and the upward movement will continue. The first upper target 1.1218 is the pullback level of 50.0% (yellow dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, a downward movement is possible after the price tests the pullback level of 38.2% 1.1175 (yellow dashed line), but it will be just a pullback, and the upward movement will continue. The first upper target 1.1218 is the pullback level of 50.0% (yellow dashed line).
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