Trend analysis (Fig. 2).
On Monday, the price may roll back down, with the first target of 1.2685 - the pullback level of 38.2% (blue dashed line). Much will depend on the news that comes out at 8.30 Universal time.
Fig. 2 (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 Monday, the price may roll back down, with the first target of 1.2685 - the pullback level of 38.2% (blue dashed line). Much will depend on the news that comes out at 8.30 Universal time.
