On Wednesday, the price continued to move up, but to a strong pullback level of 38.2% - 1. 1051 (yellow dashed line) which it did not reach. Today, strong calendar news is expected at 12.15, 14.00 and 15.00 Universal time (all for the dollar). Today, the market will move down until the first strong news, in a pullback, and then can continue to move up.
Trend analysis (Fig. 1).
On Wednesday, the continuation of the upward movement with the target of 1.1051 is possible - the pullback level of 38.2% (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Wednesday, the upward movement will continue.
Until 9.00 Universal time, there will be a pullback downward movement with the first target of 1.1014 - a pullback level of 23.6% (blue dashed line), then an upward movement.
