Trend analysis (Fig. 1).
On Monday, the price may continue the downward trend, with the first target of 1.1180 - the pullback level of 76.4% (yellow 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 Monday, the price may continue the downward trend, with the first target of 1.1180 - the pullback level of 76.4% (yellow dashed line).
The material has been provided by InstaForex Company - www.instaforex.com