Trend analysis (Fig. 1).
On Wednesday, the price may continue the downward trend, with the first target of 1.1260 - the pullback level of 50.0% (yellow dashed line).
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, before the news by 12.15 Universal time, may continue the downward trend with the first target of 1.1260 - a pullback level of 50.0% (yellow dashed line). The news, according to the forecast, are lower. In the event of an exit according to the forecast - a further downward movement.
