Trend analysis (Fig. 1).
On Friday, the price will move down, with the first target of 1.2803 - a pullback level of 23.6% (red dashed 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 Friday, the price may begin to pull back down to the first lower target 1.2803, which is a pull back level of 23.6% (red dashed line).
An unlikely scenario is an upward movement with a target of 1.2990 - an upper fractal (red dashed line).
