The market on Tuesday, moving down, did not reach the recoil level of 23.6% - 1.3042 (blue dashed line). Moreover, the price on Tuesday, most likely, will continue to move down. Strong calendar news is expected today at 16.15 (positive), 16.30 (positive), 18.00 (negative), 22.00 and 22.30 Moscow time.
Trend analysis (Fig. 1).
On Wednesday, work down from the first lower target 1.3042 is a rolling level of 23.6% (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Wednesday, work down from the first lower target 1.3042 is a rolling level of 23.6% (blue dashed line).
