Trend analysis (Fig. 1).
On Wednesday, the price may move down with the first target of 1.2436 - a pullback level of 23.6% (blue dashed line). Further downward movement may continue with the target of 1.2381 - 21 average EMA (black thin line).
Fig. 1 (daily chart).
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 Wednesday, the price, before the news 14.00 Universal time, may move down.
An unlikely scenario is an upper movement with the target at 1.2583 (upper fractal).
