Trend analysis (Fig. 1).
On Tuesday, the price may continue moving downwards with the first target - a pullback level of 61.8% - 1.2612 (blue dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis is neutral;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - up.
General conclusion:
On Tuesday, on the side channel, the price can continue to move down with the first target - a pullback level of 61.8% - 1.2612 (blue dotted line) before lunch (9.00 Universal time).
