Trend analysis (Fig. 1).
On Monday, the price is likely to go down from 1.1735 (closing level of the Friday daily candlestick) to the 261.8% retracement level of 1.1559 (blue dotted line), test the mark, and rise to 14.6% retracement level of 1.1669 (red dotted line). The quote may then extend growth.
Fig. 1 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger bands - down;
- weekly chart down.
Conclusion:
Today, the price is likely to go down from 1.1735 (closing level of the Friday daily candlestick) to the 261.8% retracement level of 1.1559 (blue dotted line), test the mark, and rise to 14.6% retracement level of 1.1669 (red dotted line). The quote may then extend growth.
Alternative scenario: the price may drop from 1.1735 (closing level of the Friday daily candlestick) to 1.1651 historic support (blue dotted line), test the mark, and increase to 14.6% retracement level of 1.1669 (red dotted line).
