On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible.
