On Thursday, the price rallied down due to the action of scissors two strong news: in the United States raised the interest rate, but in Europe there was no move. The market flew down almost 300 points. The market has gone down nearly 300 points. The price reached the support line of the upward channel 1.1560 and today the probability of the upper rollback is high...
Trend analysis (Figure 1).
Touching the support line for the fourth time gives 70% probability of a rollback of the upper work with the first target 1.1664 - Fibonacci level 14.6% (blue dotted line).
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Friday, the market will move up with the first target 1.1664 - the Fibonacci level of 14.6% (blue dotted line).
