On Friday, from the 1.3321 level (yesterday's daily candle close), the market may continue moving downward toward the target of 1.3293 — a historical support level (blue dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3304 — the lower fractal (daily candle from October 22, 2025).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Indicator analysis — down
Fibonacci levels — down
Volume — down
Candlestick analysis — down
Trend analysis — down
Bollinger Bands — down
Weekly chart — up
Overall conclusion: Downward trend.
Alternative Scenario:
From the 1.3321 level (yesterday's daily candle close), the price may continue moving downward toward 1.3278 — the 76.4% retracement level (yellow dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3293 — the historical support level (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com
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Trend Analysis (Fig. 1)
On Friday, from the 1.3321 level (yesterday's daily candle close), the market may continue moving downward toward the target of 1.3293 — a historical support level (blue dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3304 — the lower fractal (daily candle from October 22, 2025).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Overall conclusion: Downward trend.
Alternative Scenario:
From the 1.3321 level (yesterday's daily candle close), the price may continue moving downward toward 1.3278 — the 76.4% retracement level (yellow dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3293 — the historical support level (blue dashed line).
The material has been provided by InstaForex Company - www.instaforex.com