Trend analysis (Fig. 1).
On Friday, the market, after breaking down the support line 1.1113 - (red bold line) on Thursday, may try to start moving up with the first target of 1.1164 - the upper fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Friday, an upward movement is possible.
The upper target of 1.1164 is the upper fractal.
An unlikely scenario - from the level of 1.1113, moving down to the target of 1.1066 - a pullback level of 38.2% (red dashed line).
