Trend analysis (Fig. 1).
On Monday, the price will move down, with the first target of 1.2874 - a pullback level of 14.6% (blue dashed line).
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 Monday, the price may begin to pull back down.
The first lower target of 1.2874 is a pullback level of 14.6% (blue dashed line). If it is successful, the downward movement will continue with the target of 1.2804 which is a pullback level of 23.6% (blue dashed line).
An unlikely scenario is an upward movement with a target of 1.3167 - a pullback level of 50.0% (yellow dashed line).
