Trend analysis (Fig. 2).
On Wednesday, we are waiting for a downward movement with the first target of 1.2661 – a pullback level of 38.2% (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.
Fig. 2 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – up;
- Bollinger bands – down;
- Weekly schedule - up.
General conclusion:
On Wednesday, we are waiting for a downward movement with the first target of 1.2661 – a pullback level of 38.2% (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.
