Trend analysis (Fig. 1).
The market may move down on Tuesday from the level of 1.1440 (close of yesterday's daily candle) to 1.1398, the 23.6% retracement level (red dotted line). When testing this level, the price may continue to move down to the historical support level at 1.1384 (blue dotted line), and, after reaching this level, the price will probably go up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - down.
General conclusion:
The price may move down from the level of 1.1440 (close of yesterday's daily candle) to 1.1398, the 23.6% retracement level (red dotted line). When testing this level, the price may continue to move down to the historical support level at 1.1384 (blue dotted line), and, after reaching this level, the price will probably go up.
Alternative scenario: from the level of 1.1440 (close of yesterday's daily candle), the price may move down to 1.1345, the 38.2% retracement level (red dotted line). When testing this level, the price may move up to the historical support level of 1.1384 (blue dotted line), and the price will probably go up after reaching this level.