Trend Analysis (Fig. 1).

On Tuesday, from the level of 1.1617 (yesterday's daily close), the market may continue moving downward toward the target at 1.1594 – the 50% retracement level (yellow dotted line). Upon testing this level, the price may bounce upward, aiming to retest the 38.2% retracement level at 1.1600 (blue dotted line).

Fig. 1 (daily chart).

Comprehensive Analysis:

• indicator analysis – downward;
• volumes – downward;
• candlestick analysis – downward;
• trend analysis – downward;
• Bollinger Bands – downward;
• weekly chart – downward.

General Conclusion: Downward trend.

Alternative Scenario: From the level of 1.1617 (yesterday's daily close), the price may continue moving downward toward 1.1560 – the 50% retracement level (blue dotted line). Upon testing this level, the price may bounce upward toward the 38.2% retracement level at 1.1600 (blue dotted line).