Trend analysis (Fig. 1).

On Monday, technical analysis demonstrates an upward movement. The first upper target of 1.3131 is the pullback level of 38.2% (yellow dashed line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – down;

– trend analysis – up;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Monday, technical analysis demonstrates an upward movement. The first upper target of 1.3131 is the pullback level of 38.2% (yellow dashed line).

The material has been provided by InstaForex Company – www.instaforex.com

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