Trend analysis (Fig. 1).
On Monday, the downward movement will continue, but only after the price tests the resistance line 1.1175 (blue bold line) once again. The first lower target 1.1098 is the target level of 161.8% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Monday, the downward movement will continue, but only after the price tests the resistance line 1.1175 (blue bold line) once again. The first lower target 1.1098 is the target level of 161.8% (yellow dotted line).
