Trend analysis (Fig. 1).
On Monday, the price may continue to move down with the target of 1.3010, this is the support line presented in a white thick line. If this line is reached, there is an upward movement with the target of 1.3169, this is the pullback level of 50.0% presented in a yellow dashed line.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, the price may continue to move down.
An unlikely scenario is possible, where, from the support line in white thick line, work down, with the target of 1.2995 a retracement level of 76.4% presented in a red dashed line.
