Permanecer 
Condiciones de negociación
Products
Herramientas
The pair continued its downward movement yesterday after testing the pullback level of 76.4% equivalent to 1.3006, presented in a blue dashed line. Today, strong calendar news for the dollar is expected at 15:00, 15:30, 19:00 and 19:30 UTC. The Fed will most likely keep the interest rates unchanged.
Trend analysis (Fig. 1).
A downward side-channel is expected today until 19:00 UTC with the target 1.3010, the support line in a red bold line. After this, an upward movement is expected with the first target of 1.3051, the retracement level of 38.2% presented in a red dashed line. In case of testing this line, a continuation of work up with the target of 1.3098, the retracement level of 61.8% presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
The price may start to move up today.
A downward scenario is unlikely but quite possible. That is, from the support line 1.3010, presented in a red bold line, work down with the target and the lower fractal at 1.2975.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
