Trend analysis (Fig. 1).
On Tuesday, the price will continue to move down. The first lower target of 1.1429 is the recoiling level of 38.2% (blue dashed line). Then the top is possible.
Fig. 1 (daily schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Tuesday, the price will continue to move down. The first lower target of 1.1429 is the recoiling level of 38.2% (blue dashed line). Then the top is possible.
The material has been provided by InstaForex Company - www.instaforex.com