Trend analysis (Fig. 1).
On Monday, the price may move down with the first target of the support line which is at 1.1041 presented in a red bold line. Upon reaching this line, work up with the target 1.1070 with a pullback level of 38.2% presented in a red dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
Today, after lunch, an upward movement with the first target of 1.1079 is possible this is a pullback level of 50.0% presented in a red dashed line. The next target which is at 1.1088 is a retracement level of 61.8% presented in a red dashed line.
An unlikely scenario is to take place, that is, from the level of 1.1062 there is a moving up with the target of 1.1079 which is a pullback level of 50% presented in a red dashed line.
