Trend analysis (Fig. 1).
On Wednesday, the price may continue to move down with the first target support level of 1.2937 presented in a red bold line. If successful, the next lower target which is 1.2920 is a retracement level of 38.2% presented in a 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 - down;
- Weekly schedule - down.
General conclusion:
On Wednesday, the price will continue to move down.
Another scenario is unlikely but possible. That is, from the level 1.3081 - 21, the average EMA is working up as presented in a black thin line, and the target 1.3284 is the resistance line presented in a black bold line.
