On Monday, the market will continue to move down. Monday is festive, and so as the side channel. The first lower target is 1.1218. The recoiling level is 76.4% (blue dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Monday, the market will continue to move down. Monday is festive, and so as the side channel. The first lower target is 1.1218.
The material has been provided by InstaForex Company - www.instaforex.com
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