Trend analysis (Fig. 1).
On Wednesday, the price may continue to move upwards with the first target of 1.1285 – a pullback level of 38.2% (blue dotted line), and there is a historical resistance level - 1.1291 (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – down;
- Candle analysis – up;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the price may continue to move upwards with the first target of 1.1285 – a pullback level of 38.2% (blue dotted line), and there is a historical resistance level - 1.1291 (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.
