Trend Analysis (Fig. 1).
On Wednesday, the market may continue moving upward from the 1.1621 level (yesterday's daily candle close) toward the target of 1.1655 — the 50% pullback level (blue dotted line). When testing this level, the price may possibly pull back downward to the target of 1.1640 — the 38.2% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive Analysis:
- Indicator analysis – upward
- Fibonacci levels – upward
- Volumes – downward
- Candlestick analysis – upward
- Trend analysis – upward
- Bollinger Bands – upward
- Weekly chart – upward
Overall conclusion: upward trend.
Alternative scenario: From the 1.1621 level (yesterday's daily candle close), the price may continue moving upward toward the target of 1.1640 — the 38.2% pullback level (yellow dotted line). When testing this level, the price may possibly pull back downward toward the target of 1.1625 — the upper fractal (daily candle of December 2, 2025).
