Trend analysis (Fig. 1).
On Tuesday, the main lower target is to test the support line - 1.1125 (red bold line), although breaking down is unlikely. From this level, there is a good opportunity to work up with the target of 1.1181 - the upper fractal (red dashed line).
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 Tuesday, a downward movement is possible.
The first lower target of 1.1125 is the support line (red bold line).
From this level, you can work up with the target of 1.1186 - the upper fractal (red dashed line).
An unlikely scenario is to break down the support line 1.1125 (red bold line) and move down with the target of 1.1066 - a pullback level of 38.2% (red dashed line).
