On Thursday, the price continued to move upwards, almost reaching a strong pullback level of 38.2% - 1. 1089 (yellow dashed line), but went down on strong news. Today, strong calendar news is expected at 12.30 and 16.30 Universal time (all for the dollar). Also today, the market will continue to move up.
Trend analysis (Fig. 1).
On Friday, it is possible to continue the upward movement with the target of 1.1089 - a pullback level of 50.0% (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 Friday, the upward movement will continue.
The first upper target of 1.1051 is a pullback level of 38.2.% (yellow dashed line), after breaking through the next target of 1.1089 – pullback level of 50.0% (yellow dashed line).
