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Trend analysis (Fig. 1).
On Thursday, the price will continue to move up with the target at 1.3292 which is the resistance line presented in a black bold line and only after that the pair can start moving down with the first target at 1.3216 with the pullback level of 14.6% presented in a blue dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, the price will continue to move up with the target at 1.3292 which is the resistance line in a black bold line and only after that the pair can start moving down with the first target at 1.3216 with the pullback level of 14.6% presented in a blue dashed line.
The later is unlikely but is still possible. So, from the level of 1.3229, work down with the first target 1.3110 which is the lower fractal.
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