Trend analysis (Fig. 1).
Today, before the news, there was an upward movement with the target of 1.1216 - 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 - the resistance line (the red bold line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis is neutral;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
Today, before the news, there was an upward movement with the target of 1.1216 - 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 - the resistance line (the red bold line).
The material has been provided by InstaForex Company - www.instaforex.com