Trend analysis (Figure 1).
On Friday, traders continued to work down, although in the side channel. On Monday, the market is more likely to continue moving down. The support line of the upward channel (1.666) is very close, and the market will aim there. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Monday, the market will move down, with the first target 1.1666 - the support line (white line).
