Trend analysis (Figure 1).
On Friday, the price continues to move downward, reaching the support line of the uptrend. On Monday, an upward movement is possible. A complex analysis will more accurately determine where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Monday, it is possible to move up towards the first target of 1.3694 with the recoil level of 23.6% (red dotted line).
