Trend analysis (Fig. 1).
On Tuesday, the upward movement with the target of 1.1129 is a pullback level of 38.2% (yellow dashed line). There is a probability of breaking this line up and then the next target of 1.1052 is a pullback level of 50.0% (yellow dashed line). This is all after working out the news at 6.00 Universal time.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, an upward movement is possible (on the foundation before the afternoon, to the bottom).
An unlikely scenario is a downward movement with a target of 1.1079 - a sliding level of 76.4% (blue dashed line).
