Trend Analysis (Fig. 1).

On Monday, the market from the level of 1.1720 (the close of Friday's daily candle) may start moving downward with the target at 1.1680 – the 14.6% retracement level (blue dotted line). Upon reaching this level, an upward movement may follow with the target at 1.1730 – the upper fractal (blue dotted line).

Fig. 1 (daily chart).

Comprehensive Analysis:

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

Overall conclusion: downward trend.

Alternative Scenario: From the level of 1.1720 (the close of Friday's daily candle), the price may begin a downward movement with the target at 1.1650 – the 23.6% retracement level (blue dotted line). Upon reaching this level, a corrective upward movement is possible with the target at 1.1680 – the 14.6% retracement level (blue dotted line).