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).