Trend analysis (Fig. 1).
The market may move down on Monday from the level of 1.3267 (closing of Friday's daily candle) with the target at 1.3182, the support line (yellow bold line). Upon reaching this line, the price may resume to move up with the target at 1.3264, the 14.6% retracement level (yellow dashed line).
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly chart - down.
General conclusion:
The price may move down from the level of 1.3267 (closing of Friday's daily candle) with the target at 1.3182, the support line (yellow bold line). Upon reaching this line, the price may resume to move up with the target at 1.3264, the 14.6% retracement level (yellow dashed line).
Unlikely scenario: the price may start moving up from the level of 1.3267 (closing of Friday's daily candle) with the target at 1.3325, the 23.6% retracement level (yellow dashed line). Upon reaching this level, the price may continue to move up.
