Trend Analysis (Fig. 1)
On Friday, the market may continue its downward movement from the 1.1665 level (yesterday's daily candle close), targeting 1.1608 – the lower fractal (daily candle from September 3, 2025). Upon testing this level, a corrective upward movement is possible, with a target of 1.1645 – the lower fractal (daily candle from September 25, 2025).
Fig. 1 (daily chart)
Comprehensive Analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger Bands – down;
- Weekly chart – up.
Overall Conclusion: Downward trend.
Alternative Scenario:
Today, the price from the 1.1665 level (yesterday's daily candle close) may start moving downward with a target of 1.1645 – the lower fractal (daily candle from September 25, 2025). Upon testing this level, a corrective upward movement is possible, targeting 1.1655 – the 50% retracement level (blue dashed line).
