Permanecer 
Condiciones de negociación
Products
Herramientas
The pair tested the historical resistance of 1.1811 (blue dotted line) on Monday then went down to the retracement level of 14.6% at 1.1788 (red dotted line), closing the daily candle at 1.1795. Today, the price may continue to move up. Based on the economic calendar, news is expected at 07:55 and 09:00 UTC (euro) and 14:00 UTC (dollar).
Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.1795 (closing of yesterday's daily candlestick) with the target of 1.1851 - a 76.4% retracement level (blue dotted line). Upon testing this level, the price may continue to move upward with the target at 1.1873 - the 85.6% retracement level (blue dashed line).
Fig. 1 (Daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today the price may continue to move upward from the level of 1.1795 (closing of yesterday's daily candlestick) with the target of 1.1851 - the 76.4% retracement level (blue dashed line). Upon testing this level, the price may continue to move upward with the target at 1.1873 - the 85.6% retracement level (blue dashed line).
Alternative scenario: the price may continue to move upward from the level of 1.1795 (closing of yesterday's daily candlestick) with the target at 1.1851 - the 76.4% retracement level (blue dashed line). Upon testing this line, the price may begin to move downwards with the target of 1.1807 - the 14.6% retracement level (yellow dashed line).
¡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.
