Trend analysis (Fig. 1).

On Tuesday, the market from the level of 1.2048 (closing of yesterday's daily candle) will try to continue moving down with the target of 1.1975 – the 50% retracement level (red dotted line). After testing this level, the price may start working up with the target of 1.2075 - the historical resistance level (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - up;
• Trend analysis - down;
• Bollinger bands - up;
• Weekly chart - down.

General conclusion:

Today, the price from the level of 1.2048 (closing of yesterday's daily candle) will try to continue moving down with the target of 1.1975 – the 50% retracement level (red dotted line). After testing this level, the price may start working up with the target of 1.2075 - the historical resistance level (blue dotted line).

Unlikely scenario: the price from the level of 1.2048 (closing of yesterday's daily candle) will try to make a downward movement with the target of 1.2023 - the lower fractal (daily candle from 17.02.2021). After testing this level, the price may start working up with the target of 1.2102 – the 76.4% retracement level (yellow dotted line).