Trend analysis (Fig. 1).
On Wednesday, the price will move down with the first target of 1.1005, the lower fractal (blue dashed line). In case of breaking through this level, the continuation of work down with the target 1.0990 is the next lower fractal (red dashed line).
Fig. 1 (daily chart).
Complex analysis: - indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger Lines - up;
- Weekly schedule - down.
General conclusion:
On Wednesday, a downward movement is possible.
The first lower target of 1.1005 is the lower fractal (blue dashed line). In case of breaking through this level, the continuation of work down with the target of 1.0990 is the next lower fractal (red dashed line).
The upper scenario, from the level of 1.0990, work upward with the target of 1.1027, the retracement level of 23.6% (blue dashed line).
