Trend Analysis (Fig. 1)
On Friday, the market may continue moving downward from the 1.3340 level (yesterday's daily candle close), targeting 1.3293 – a historical support level (blue dashed line). Upon testing this level, a corrective upward movement is possible, with a target of 1.3322 – 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:
The price from the 1.3340 level (yesterday's daily candle close) may continue to move lower, targeting 1.3278 – the 76.4% retracement level (yellow dashed line). Upon testing this level, a corrective upward movement is possible, targeting 1.3293 – the historical support level (blue dashed line).
