On Monday, the pair did not manage to overcome the rolling level of 38.2% - 1.2572 (blue dashed line) and went down. On Tuesday, the pair will try to continue moving down. Strong calendar news is expected at 8:30 UTC+00 (pound), 12:00 UTC+00 (pound), 12:30 UTC+00, 17:00 UTC+00 (dollar).
Trend analysis (Fig. 1).
On Tuesday, the price will continue to move down, with the first goal of 1.2440 - the lower fractal.
Fig. 1 (daily schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- weekly schedule - down.
General conclusion:
On Tuesday, the price will continue to move down with the first goal of 1.2440 - the lower fractal.