Trend analysis (Fig. 1).
On Tuesday, the price may continue to move down with the first target 1.2270 - a pullback level of 50.0% (red dashed line). In case of breaking through this level, the continuation of the downward movement to the lower fractal is 1.2227.
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Tuesday, the price may continue to move down.
The first lower target is a pullback level of 50.0% - 1.2270 (red dashed line).
The second lower target is 1.2337 - lower fractal.
An unlikely scenario is an upward trend with the target of 1.2357 (upper fractal).
