Trend analysis (Figure 1).
On Friday, the price continued to move downward and reached the support of the uptrend line. On Monday, an upward movement is possible. The complex analysis will accurately determine the further direction of the price.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
On the Monday, it is possible to move upwards with the first target 1.3894 - the pullback level of 23.6% (red dotted line).
* The presented market analysis is informative and does not constitute a guide to the transaction.
