Trend analysis (Fig. 1).
On Thursday, the price may roll back down (the last three white candles on the falling volumes are very strong signals down the candlestick analysis). The first lower target of 1.1301 is the pullback level of 23.6% (yellow dotted 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 - up.
General conclusion:
On Thursday, the price may roll back down (the last three candles are white and fit into the body of the last black candle - a very strong signal down the candlestick analysis). The first lower target of 1.1301 is the pullback level of 23.6% (yellow dotted line).
