Trend analysis (Fig. 1).
The market may move down on Tuesday from the level of 1.3597 (close of yesterday's daily candle) to the target level of 1.3536, the support level (thick blue line). When testing this level, the price may start to move upwards to the target level of 1.3580, the 61.8% retracement level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
The price may move down from the level of 1.3597 (close of yesterday's daily candle) to the target level of 1.3536, the support level (thick blue line). When testing this level, the price may start to move upwards to the target level of 1.3580, the 61.8% retracement level (yellow dotted line).
Alternative scenario: from the level of 1.3597 (close of yesterday's daily candle), the price may move up to the target level of 1.3620, the resistance level (thick yellow line). When testing this level, the price may continue to move upwards to the target level of 1.3641, the upper fractal (red dotted line).
