Trend analysis (Fig. 1).
On Monday, the price may continue to move down with the target of a pullback level of 23.6% - 1.2261 (blue dashed line) and in case of breaking further down, to a pullback level of 38.2% - 1.2203 (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 - up;
- weekly schedule - down.
General conclusion:
On Monday, a downward movement is expected.
An unlikely scenario is an upward movement with the first target of 1.2341 - resistance line (red bold line).
