Trend Analysis (Fig. 1).On Wednesday, the market may start moving upward from the 1.1707 level (yesterday's daily close) toward the target at 1.1742 – upper fractal (blue dotted line). Upon testing this level, the price may continue rising toward 1.1788 – upper fractal (yellow dotted line). Fig. 1 (daily chart).Comprehensive Analysis:Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – downward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.Overall conclusion: upward trend.Alternative scenario: from the 1.1707 level (yesterday's daily close), the price may start moving upward toward 1.1742 – upper fractal (blue dotted line). Upon testing this level, the price may pull back downward toward 1.1732 – retracement level of 85.4% (yellow dotted line).The material has been provided by InstaForex Company - www.instaforex.com
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