Trend analysis (Fig. 1).
On Monday, the price may continue to move down. The first lower target 1.1281 is the pullback level of 61.8% (yellow dotted line). In the case of a breakdown of this level, there will be a further downward movement with testing of the support line.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Monday, the price may continue to move down. The first lower target 1.1281 is the pullback level of 61.8% (yellow dotted line). In the case of a breakdown of this level, there will be further downward movement with testing of the support line.
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