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Trend analysis (fig.1)
On Friday, the pair may increase from 1.1128 (the closing of yesterday's daily candlestick) to 1.1171 (red dotted line), the Fibonacci retracement level of 23.6%. When testing this level, it could rise higher.
Complex analysis:
- indicator analysis – up;
- Fibonacci retracement levels – up;
- candlestick analysis – up;
- trend analysis – up;
- Bollinger lines – up;
- weekly chart-up.
Conclusion:
On Friday, the pair may rise from 1.1128 (the closing of yesterday's daily candlestick) to 1.1171 (red dotted line), the Fibonacci retracement level of 23.6%. When testing this level, it could climb higher.
Alternatively, the pair may start moving up to the target level of 1.1203 (blue dotted line), the Fibonacci retracement level of 208%,
from 1.1128 (the closing of yesterday's daily candlestick). When testing this level, it could roll back.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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