Trend analysis (Fig. 1).
On Monday, the continuation of the downward movement with the target of 1.1007 is possible - a pullback level of 50.0% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Monday, the downward movement will continue.
The first lower target of 1.1007 is a pullback level of 50.0.% (blue dashed line), when breaking through the next target of 1.0988 – a pullback level of 61.8% (blue dashed line).
