On Monday, the price went down strongly and unexpectedly by 86 points after testing the rollback level of 38.2% - 1.1448 (yellow dotted line). The last role in this was not played by the news, released at 14.00 London time. Today, strong calendar news is released at 9.00, 12.30 and 14.00 London time.
Trend analysis (Fig. 1).
On Tuesday, the upward movement with the first target of 1.1448 is possible with the rolling level of 38.2% (yellow dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - top;
- candlestick analysis is neutral;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Tuesday, the upward movement with the first target of 1.1448 is possible with the rolling level of 38.2% (yellow dashed line).
