Trend analysis (Fig. 1).
On Wednesday, the price, from the level of 1.1113, may make a move up with the target of 1.1164 - the upper fractal. In case of breaking through, continuing to work upwards with the target of 1.1209 is a retracement level of 61.8% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, an upward movement is possible.
The first upper target 1.1164 is the upper fractal.
The next upper target 1.1209 is the retracement level of 61.8% (blue dashed line).
An unlikely scenario - from the level of 1.1113, work down with the target of 1.1066 - pullback level of 32.8% (red dashed line).
