Trend Analysis (Fig. 1)

On Monday, the market may start moving down from the 1.1718 level (Friday's daily close), targeting 1.1674 — the 23.6% retracement level (yellow dashed line). Upon reaching this level, a corrective upward movement is possible, targeting 1.1700 — the 14.6% retracement level (yellow dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – downward
• Fibonacci levels – downward
• Volume – downward
• Candlestick analysis – downward
• Trend analysis – upward
• Bollinger Bands – downward
• Weekly chart – downward

Overall conclusion: bearish trend

Alternative scenario: From the 1.1718 level (Friday's daily close), the price may start moving downward toward the 1.1674 level — the 38.2% retracement level (yellow dashed line). Upon reaching this level, a corrective upward move is possible, targeting 1.1674 — the 23.6% retracement level (yellow dashed line).