Trend analysis (Fig. 1).
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is 1.1224.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is at 1.1224.
