Trend analysis (Fig. 1).
On Wednesday, the price will continue to move down. The first lower target 1.2920 is the recoiling level of 38.2.% (Blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Wednesday, the price will continue to move down. The first lower target 1.2920 is the recoiling level of 38.2.% (Blue dashed line).
