On Wednesday, these are the following:
- 9.00 London time, EUR, consumer price index (CPI) (y / y) (Mar). The expected value is 1.4% compared to the previous value of 1.4%;
- 14.30 London time. USD, crude oil reserves. The expected value is -1.429M compared to the previous value is 3.306M.
Trend analysis (Figure 1).
On Tuesday, the price moved down in the side channel. On Wednesday, there is a high probability to continue its downtrend on the market. A complex analysis will more accurately determined where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, the market will move down, with the first target of 1.2300 on the bottom fractal.
