Trend analysis (Figure 1).
On Monday, the price continued to move down. True, there was an unsuccessful attempt to break through the recessionary level of 38.2% - 1.1708 (yellow dotted line) upward. On Tuesday, most likely, the downward movement will continue to the support line of 1.1566 (white line). The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - down;
- Candle analysis - neutral;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Tuesday, the market will move down to the first goal of 1.1566, the support line (white line). Then, it is possible to move to the top.
