Trend analysis (Fig. 1).
On Wednesday, the price may begin to roll back down with the first target 1.2977, the support line presented in a red bold line. If this level is broken, the continuation of the downward movement to the retreating level of 23.6% is equivalent to 1.2954, presented in a red dashed line. But there is a high probability that the price will go up from the level of 1.2977.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the price may begin to roll back down with the first target 1.2977, the support line presented in a red bold line. If this level is broken, the continuation of the downward movement to the retreating level of 23.6% is equivalent to 1.2954, presented in a red dashed line. But there is a high probability that the price will go up from the level of 1.2977.
