Trend analysis (Fig. 1).
On Monday, the price may continue to move down with the target at 1.0906 - the lower fractal. 161.8% (red dashed line). Intermediate points where pullbacks are possible, means additional entry points down 1.0920 - the target level is 161.8% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - down.
General conclusion:
On Monday, a downward movement is possible.
An unlikely scenario is an upward movement with the target at 1.0969 - an upper fractal.
