Trend analysis (Fig. 1).
On Tuesday, the price may continue to move down with the first lower target of 1.1306, which is the recoiling level of 61.8% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - up;
- weekly schedule - down.
General conclusion:
On Tuesday, the price may continue to move down with the first lower target of 1.1306, which is the recoiling level of 61.8% (yellow dotted line).
The material has been provided by InstaForex Company - www.instaforex.com