The price on Wednesday continued to move down, testing a rolling 50.0% level (yellow dashed line). On Thursday, the market may continue to move down, but for this you need to break through the rolling level. Strong calendar news today comes out at 13.00 and 16.30 Moscow time.
Trend analysis (Fig. 1).
On Thursday, the price will move down. The first lower target of 1.1352 is the recoiling level of 61.8% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the price will move down. The first lower target of 1.1352 is the recoiling level of 61.8% (yellow dotted line).
