Trend analysis (Fig. 1).
On Monday, the price, after testing the pullback level of 38.2% - 1.2503 (yellow dashed line), may begin a pullback downward movement with the target 1.2426 - a pullback level of 14.6% (blue dashed line).
Fig. 1 (daily chart).
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
On Monday, the price may begin to move down.
An unlikely scenario is an upward movement, with the target of 1.2671 - a pullback level of 50.0% (yellow dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.