Trend Analysis (Fig. 1).
On Monday, from the level of 1.3502 (the close of Friday's daily candle), the market may continue upward movement with the target at 1.3593 – upper fractal (yellow dotted line). Upon testing this level, the price may then move downward with the target at 1.3565 – upper fractal (daily candle of August 18, 2025).
Fig. 1 (daily chart).
Comprehensive Analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger Bands – up;
- Weekly chart – up.
Overall conclusion: upward trend.
Alternative scenario: from the level of 1.3502 (the close of Friday's daily candle), the price may start moving upward with the target at 1.3626 – historical resistance level (blue dotted line). Upon testing this level, the price may then move downward with the target at 1.3593 – upper fractal (yellow dotted line).
