On Monday, the price will move up. The first upper target of 1.1431 is the 50% rollback level (blue dotted line). The probability of breaking through the level of 50% is small.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Monday, the price will move up. The first upper target of 1.1431 is the 50% rollback level (blue dotted line). Then the bottom is possible.
The material has been provided by InstaForex Company - www.instaforex.com