Trend analysis (Fig. 1).
On Tuesday, the main lower target is a pullback level of 38.2% - 1.1066 (red dashed line). From this level, there is a good opportunity to work down with the target of 1.1030 - a pullback level of 50.0% (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - down.
General conclusion:
On Tuesday, a downward movement is possible.
The first lower target is the retracement level of 38.2% - 1.1066 (red dashed line). From this level, we can continue to work down with the target 1.1030 - a pullback level of 50.0% (red dashed line).
An unlikely scenario is to break up the resistance line 1.1106 (red bold line) and move up with the target 1.1124 - the upper fractal.
