Trend analysis (Fig. 1).
On Monday, the first lower goal is to achieve a pullback level of 61.8%, equivalent to 1.0993 presented in a red dashed line. If successful, the next lower target is 1.0982, the lower fractal presented in a blue dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - neutral;
- Trend analysis - down;
- Bollinger Lines - down;
- Weekly schedule - down.
General conclusion:
On Monday, a downward movement is possible.
The first lower target is the retracement level of 61.8% which is equivalent to 1.0993 presented in a red dashed line. If successful, the next lower target is 1.0982, the lower fractal in blue dashed line.
An unlikely but possible scenario is an upward movement with a target of 1.1040 which is a pullback level of 50% in a blue dashed line.
