On Friday, the pair went down significantly on the news, testing the pullback level of 61.8% - 1.2285 (blue dashed line), but eventually returned to its original position. On Monday, strong calendar news is expected at 18.00 London time (dollar). Also today, a downward movement is possible.

Trend analysis (Fig. 1).

On Monday, the price from the pullback level 38.2% - 1.2334 (blue dashed line) will move down, with the target 1.2285 - the pullback level 61.8% (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - neutral;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion:

On Monday, the price may begin to roll back down.

The first lower target of 1.2285 is a pullback level of 61.8% (blue dashed line).

The main target for today is 1.2254 which is the pullback level of 76.4% (blue dashed line).

An unlikely scenario is an upward movement to the upper fractal - 1.2357.