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Trend analysis (Fig. 1).

On Friday, the price will move downwards before the news with the first goal of 1.2992 and the rolling level of 38.2% (blue dashed line). The preliminary news shows an upward trend has a tendency to go up.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – down;

– volumes – down;

– candlestick analysis – down;

– trend analysis – down;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Friday, the price will move downwards before the news with the first goal of 1.2992 and the rolling level of 38.2% (blue dashed line). The preliminary news shows an upward trend has a tendency to go up.

The material has been provided by InstaForex Company – www.instaforex.com

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