Condições de Negociações
Ferramentas
The pair moved downward in a side channel yesterday. At first, the price moved up and tested the upper fractal 1.3702 (red dotted line), and then moved down, in turn, and tested the 8th average EMA 1.3591 (blue thin line). Today, the price is likely to continue working down. As per the economic calendar, news is expected at 13.30 and 17.30 UTC (dollar).
Trend analysis (Fig. 1).
Today, the market from the level of 1.3635 (closing of yesterday's daily candle) can continue to move down with the target of 1.3537 - 21 average EMA (black thin line). When testing this line, it is possible to continue working upward, with the target of 1.3676 - a pullback level of 76.4% (yellow dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.3635 (closing of yesterday's daily candle) can continue to move down with the target of 1.3537 - 21 average EMA (black thin line). When testing this line, it is possible to continue working upward, with the target of 1.3676 - a pullback level of 76.4% (yellow dotted line).
Alternative scenario: the price from the level of 1.3635 (closing of yesterday's daily candle) may continue to move up with the target of 1.3702 - the upper fractal (red dotted line).
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.