On Tuesday, the following strong calendar news comes out:
- 07.00 London time. EUR, Germany's GDP (q / q) (1 sq.), Waiting for 0.4%, the previous value was 0.6%;
- 10.00 London time. EUR, ZEW economic sentiment index in Germany (May), are waiting for -8.0, the previous value was -8.2;
- 13.30 London time. USD, the base index of retail sales (m / m) (Apr), waiting for 0.5%, the previous value was 0. 2%;
- 13.30 London time. USD, the volume of retail sales (m / m) (Apr), waiting for 0.4%, the previous value was 0. 6%.
Trend analysis (Figure 1).
On Monday, the price, continuing to move upwards, reached the recession level of 23.6% (1.1997) and after that, went down (though the news also helped). On Tuesday, the market with a high probability can continue to move up. The complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Tuesday, the market will move up, with the first goal of 1.1997, the upper fractal.
