Trend Analysis (Fig. 1).
On Monday, the market from the level of 1.3525 (the close of Friday's daily candle) may begin moving downward with the target at 1.3486 – the 23.6% retracement level (yellow dotted line). Upon testing this level, the price may then start an upward movement with the target at 1.3543 – the upper fractal (daily candle of August 22, 2025).
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 1.3525 (the close of Friday's daily candle), the price may begin a downward movement with the target at 1.3486 – the 23.6% retracement level (yellow dotted line). Upon testing this level, the price may continue upward toward the target of 1.3593 – the upper fractal (yellow dotted line).
