On Friday, the market may continue moving downward from the 1.3150 level (the closing price of yesterday's daily candle) toward the 1.3115 target — the lower fractal (daily candle from October 30, 2025). Upon testing this level, a pullback movement upward toward 1.3148 is possible — a historical resistance level (blue dotted line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Indicator analysis – downward
Fibonacci levels – downward
Volumes – downward
Candlestick analysis – downward
Trend analysis – downward
Bollinger Bands – downward
Weekly chart – upward
Overall conclusion: Downward trend.
Alternative scenario:From the 1.3150 level (the closing price of yesterday's daily candle), the price may continue moving downward toward 1.3089 — the 161.8% target level (red dotted line). Upon testing this level, a pullback upward movement toward 1.3115 — the lower fractal (daily candle from October 30, 2025) — is possible.
The material has been provided by InstaForex Company - www.instaforex.com
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Trend Analysis (Fig. 1)
On Friday, the market may continue moving downward from the 1.3150 level (the closing price of yesterday's daily candle) toward the 1.3115 target — the lower fractal (daily candle from October 30, 2025). Upon testing this level, a pullback movement upward toward 1.3148 is possible — a historical resistance level (blue dotted line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Overall conclusion: Downward trend.
Alternative scenario:From the 1.3150 level (the closing price of yesterday's daily candle), the price may continue moving downward toward 1.3089 — the 161.8% target level (red dotted line). Upon testing this level, a pullback upward movement toward 1.3115 — the lower fractal (daily candle from October 30, 2025) — is possible.
The material has been provided by InstaForex Company - www.instaforex.com