Trend analysis (Fig. 1).
On Tuesday, the continuation of the downward movement with the target of 1.0920 is possible – the target level is 161.8% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, the downward movement with the target of 1.0920 is possible – the target level of 161.8% (blue dashed line). From this level, you can work upwards.
The material has been provided by InstaForex Company - www.instaforex.com