Trend analysis (Fig. 1).
On Tuesday, after reaching the lower fractal level of 1.0886, a pullback upward movement is possible with the target of 1.0919 - a pullback level of 14.6% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- weekly schedule - up.
General conclusion:
On Tuesday, an upward movement is possible.
The first upper target is 1.0919 - (blue dashed line). In case of penetration, the next target 1.1040 - a pullback level of 23.6% (blue dashed line).
An unlikely scenario is the lower work with the target of 1.0863 - a pullback level of 76.4% (yellow dashed line).
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