Permanecer 
Condiciones de negociación
Products
Herramientas
The pair moved sideways on Wednesday, closing the daily candle at 1.1816. On Thursday, the market may move downward. News is expected at 12:00 UTC (euro) and 12:30 UTC (dollar).
Trend analysis (Fig. 1).
The market may move downward from the level of 1.1816 (closing of yesterday's daily candle) to test 1.1786 - the 50.0% retracement level (red dotted line). Upon reaching this level, the price may start moving upward with the target at 1.1823 - the 38.2% retracement level (yellow dashed line). From here, further upward movement is expected.
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly chart - up.
General conclusion:
Today, the market may move downward from the level of 1.1816 (closing of yesterday's daily candle) to test 1.1786 - the 50.0% retracement level (red dotted line). Upon reaching this level, the price may start moving upward with the target at 1.1823 - the 38.2% retracement level (yellow dashed line). From here, further upward movement is expected.
Alternative scenario: the price may move downward from the level of 1.1816 (closing of yesterday's daily candle) to test 1.1786 - the 50.0% retracement level (red dotted line). Upon reaching this level, the price may continue to move downward with the target at 1.1770 - the historical resistance level (blue dotted line). When testing this level, the price may begin to move up.
¡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.
