Trend analysis (Fig. 1).
On Wednesday, a downward movement is possible with the target of 1.0970 - a pullback level of 76.4% (red dashed line), but for this, the price should overcome a strong pullback level of 61.8% - 1,0997 (red dashed line). Work down, after completing the rollback from the level of 1.0997, or place a pending Sell Stop order from the level of 1.0997.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Wednesday, a downward movement is expected.
An unlikely scenario is an upward movement with the first target, with an upward movement of 1.1039 - a resistance line (blue bold line).
