On Wednesday, the market in both currencies was moving down.
The GBP / USD pair, while moving down, reached the lower fractal of 1.2605 (red dotted line), but closed above this level.
The EUR / USD pair, while moving down, tested the pullback level of 76.4% - 1.1134 (yellow dotted line) and closed slightly lower.
On Friday, strong calendar news is not expected.
Trend analysis (Fig. 1)
Today, the price will start a pullback upward movement with the first target of 1.1155 - the pullback level of 38.2% (blue dashed line).
Fig. 2 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - down.
General conclusion:
On Friday, we are waiting for the start of the upward movement with the first goal of 1.2668 - a pullback level of 14.6% (yellow dotted line).
