Trend analysis (Figure 1).
The market for the fifth day is trying to break through the support line of 1.1563. Up to 13.30 BST lateral movement, and then a high probability of top work with the first target of 1.1664, Fibonacci level of 14.6% (blue dotted line).
Fig. 1 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- Volumes - upwards;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the market will move in the lateral channel, then up with the first target of 1.1664, the Fibonacci level of 14.6% (blue dotted line).
