Trend analysis (Fig. 1).
On Wednesday, the price may continue to move down. The first lower target 1.1294 is the historical support level (blue dashed line). Day news are possible options. For the downward movement, breaking through this level is necessary.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - down.
General conclusion:
On Wednesday, the price may continue to move down. The first lower target 1.1294 is the historical support level (blue dashed line). Day news are possible options. For the downward movement, breaking through this level is necessary.
