Trend analysis (Fig. 1).
On Monday, the price may begin to start a pullback upward movement, with the target of 1.2226 - the upper fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Monday, the price may start a pullback upward movement.
An unlikely scenario is a downward movement with a target of 1.2127 - a pullback level of 61.8% (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com