On Wednesday, the price moved up, pushing off from the support line (the red bold line). It closed above the retreat level of 23.6% - 1.1535 (yellow dotted line). On Thursday, the price was moving up without preventing anything. The release of strong calendar news is expected at 15.30 and 20.00 Moscow time.
Trend analysis (Fig. 1).
On Thursday, the price will move up (after 13.00 Moscow time). The first upper target 1.1622 is the upper fractal.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price will move up (after 13.00 Moscow time). The first upper target 1.1622 is the upper fractal.
