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Trend analysis (Fig. 1).
On Wednesday, the price will move up in a pullback with the target of 1.1030 - a pullback level of 14.6% (blue dashed line). In case of breaking through, continuing to work upwards with the target 1.1046 is a retracement level of 23.6% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger Lines - down;
- Weekly schedule - up.
General conclusion:
On Wednesday, up to 16.00 UTC + (news) upward movement is possible.
The first upper target 1.1030 is a retracement level of 14.6% (blue dashed line). In case of breaking through, continuing to work upwards with the target 1.1046 is a retracement level of 23.6% (blue dashed line).
An unlikely lower scenario - from the level of 1.1001, work down with the target of 1.0995 - a retracement level of 61.8% (red dashed line).
The work plan until 16.00 UTC +.
While the histogram is above zero (MASD 34/55/89), the inputs are upward along with the 3/3/4 stochastic, the bottom is crossing up the white (fast) one of its slow (blue).
Fig. 2 (schedule 15 minutes).
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