On Wednesday, thanks to the combination of technical analysis and news, the pair went quite far upwards. Today, before the news (11.30 Universal time), the upward movement is expected. Strong calendar news is expected at 11.30 (Euro), 14.00, 12.30 and 14.00 Universal time (Dollar). At 14.00, the head of the US Federal Reserve System (FRS) will speak again.
Trend analysis (Fig. 1).
On Thursday, the upward movement with the first target of 1.1304 - the pullback level of 50.0% (yellow dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the upward movement with the first target of 1.1304 - the pullback level of 50.0% (yellow dashed line).