Trend analysis (Fig. 1).
Today, the downward trend may continue from the level of 1.1258 (closing of the Friday afternoon candle) with the target at the historical support level of 1.1151 (blue dotted line). There is a possibility that the price may continue to work down from this level with the target of 1.1123 - a 38.2% retracement level (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:
Today, the price may continue to move downward with the target at the historical support level of 1.1151 (blue dashed line). There is a possibility that the price may continue to work down from this level with the target of 1.1123 - a 38.2% retracement level (red dashed line).
Another possible scenario is an upward trend from 1.1238 - a 23.6% pullback level (red dashed line) with the target at the resistance line 1.1367 (white bold line).
