Trend analysis (Figure 1).
On Tuesday, the price continued to move down to the support line of the rising channel. On Wednesday, the downward movement could possibly continue. The complex analysis accurately determines the price movement.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, the market will move down with its initial target at 1.1791 - a retracement level of 76.4%.
* The presented market analysis is informative and does not constitute a guide to the transaction.
