Trend analysis (Figure 1).
On Thursday, the price continued to move upwards. The market is moving upwards and tested, but failed to overcome the upper fractal 1.1830 (red dotted line). So on Friday, most likely, there may be a second attempt to work up. The complex analysis will accurately determine the further direction of the price.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Friday, the market will move up with the first target at 1.1830 - the upper fractal (red dotted line).
* The presented market analysis is informative and does not constitute a guide to the transaction.
