Trend analysis (Fig. 1).
On Friday, the price may continue to roll back, with the target of 1.2202 – 21 middle line (black thin line).
Fig. 1 (daily chart).
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - down.
On Friday, the price may move down.
An unlikely scenario is an upward movement with the target 1.2230 – resistance line (red bold 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.