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Trend Analysis (Fig. 1).
On Monday, the market, from the level of 1.3553 (Friday's daily close), may begin a downward move targeting 1.3486 – the 23.6% retracement level (yellow dashed line). Upon testing this level, the price may then turn upward toward 1.3498 – the 8-period EMA (thin blue line).
Fig. 1 (daily chart).
Comprehensive Analysis:
General conclusion: bearish trend.
Alternative scenario: From the level of 1.3553 (Friday's daily close), the price may begin a downward move toward 1.3527 – the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may rebound upward.
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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.