Trend analysis (Fig. 1).

On Monday, the market from the level of 1.3812 (the closing of last Friday's daily candlestick) may continue to move down with the target of 1.3793 - the support line of the ascending channel (red bold line). After testing this line, it is possible to turn up with a target of 1.3948 - the 50.0% retracement level (blue dotted line). And upon reaching this line, it is possible to move up with the target of 1.4413 - the 50.0% retracement level (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger bands - down;
• Weekly chart - down.

General conclusion:

Today, the price from the level of 1.3812 (the closing of last Friday's daily candlestick) is likely to continue to move down with the target of 1.3793 - the support line of the ascending channel (red bold line). After testing this line, it is possible to turn up with a target of 1.3948 - the 50.0% retracement level (blue dotted line). And upon reaching this line, it is possible to move up with the target of 1.4413 - the 50.0% retracement level (blue dotted line).

Unlikely scenario: from the level of 1.3812 (the closing of last Friday daily candlestick), the pair may continue to move down with the target of 1.3793 - the support line of the ascending channel (red bold line). After testing this line, the downward movement may continue with the target of 1.3707 - the support line (blue bold line). After reaching this line, it is possible to move up with the target of 1.3800 – the 23.6% retracement level (blue dotted line).