On Monday, from the level of 1.1598 (Friday's daily candle close), the market may begin moving downward toward 1.1556 — the historical support level (blue dashed line). When testing this level, the price may start moving upward toward 1.1575 — the 23.6% retracement level (yellow dashed line).
Fig. 1 (Daily Chart).
Comprehensive Analysis:Indicator analysis — downwardFibonacci levels — downwardVolume — downwardCandlestick analysis — downwardTrend analysis — downwardBollinger Bands — downwardWeekly chart — downwardOverall conclusion: a downward trend.
Alternative Scenario:From the level of 1.1598 (Friday's daily candle close), the price may begin moving downward toward 1.1575 — the 23.6% retracement level (yellow dashed line). Upon reaching this level, further upward movement is possible toward 1.1592 — the 61.8% retracement level (blue dashed line).