Trend Analysis (Fig. 1).
On Tuesday, the market, from the level of 1.3115 (yesterday's daily candle close), may continue moving downward toward the target of 1.3110 – the 161.8% target level (red dashed line). When testing this level, the price may possibly begin moving upward toward 1.3148 – the historical resistance level (blue dashed line).
Fig. 1 (daily chart).
Comprehensive Analysis:
- indicator analysis – down;
- volumes – down;
- candlestick analysis – down;
- trend analysis – down;
- Bollinger Bands – down;
- weekly chart – down.
Overall conclusion: downward trend.
Alternative scenario: From the level of 1.3115 (yesterday's daily candle close), the price may continue moving downward toward 1.3077 – the 176.4% target level (red dashed line). When testing this level, the price may possibly begin moving upward toward 1.3110 – the 161.8% target level (red dashed line).
