Trend analysis (Fig. 1).
On Friday, according to the forecast (down), the first lower target is a retracement level of 23.6% which is equivalent to 1.1085 presented in a blue dotted line. If this level is reached, we can expect upper work with the upper target of 1.1117, the upper fractal In a blue dashed line. If the news comes out upper, which is bad for the dollar, then the upper work with the first goal 1.1117 is the upper fractal in a blue dashed line.
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:
Today, an upward movement is possible and the news hits at 13.30 Universal time.
On Friday, according to the forecast, the first lower target is a retracement level of 23.6% which is equivalent to 1.1085 presented in a blue dotted line. If this level is reached, we can expect upper work with the upper target of 1.1117 which is the upper fractal in a blue dashed line. If the news comes out upper, which is bad for the dollar, then the upper work with the first goal 1.1117 is the upper fractal in a blue dashed line.
