Trend analysis (Fig. 1).
On Monday, the market may start pullback downward, with the target of 1.1132 - a pullback level of 14.6% (red dotted line). If successful, it will continue to the next lower target of 1.1106 which is a pullback level of 23.6% (red dashed line).
Fig. 1 (daily chart).
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger Lines - down;
- weekly schedule - up.
On Monday, a downward movement is possible.
The lower target of 1.1132 is the pullback level of 14.6% (red dashed line).
The next lower target of 1.1106 is a pullback level of 23.6% (red dashed line).
An unlikely scenario is an upward movement towards the target of 1.1209 - a pullback level of 61.8% (blue dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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