Trend analysis (Fig. 1).
On Tuesday, the market will continue to move downwards. The first lower target is 1.1238, while the pullback level is 61.8% (blue dashed 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 - down.
General conclusion:
On Tuesday, the market will continue to move downwards. The first lower target is 1.1238, while the pullback level is 61.8% (blue dotted line) and further down.
The material has been provided by InstaForex Company - www.instaforex.com