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On Wednesday, the price moved up and a strong news is scheduled at 18.00 London time. On Thursday, the price will most likely be on the side channel before the news.
Trend analysis (Fig. 1).
On Thursday, the price will move up with the first target of 1.3358 on the upper fractal, but before the news, there is a high probability of working in the side channel.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- weekly schedule - up.
General conclusion:
On Thursday, the price will move up with the first target of 1.3358 on the upper fractal, but before the news, there is a high probability of working in the side channel.
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