After a four-day rally up, the market on Thursday decided to take a break and the day turned out to be black, recoil. The most interesting thing is that the downward price rolled back "as taught", reaching a pullback level of 23.6% - 1.1301 (yellow dashed line). On Friday, strong calendar news comes out at 13.00 and 17.00 MSK.
Trend analysis (Fig. 1).
On Friday, the price may continue to move upwards. The first upper target 1.1339 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 Friday, the price may continue to move upwards. The first upper target 1.1339 is the upper fractal.
