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08.08.2025 10:25 AM
Trend analysis (Fig. 1).On Friday, from the level of 1.1664 (yesterday’s daily candle close), the market may start moving downward toward 1.1626 — the 23.6% retracement level (blue dashed line). Upon testing this level, the price may resume upward movement toward 1.1698 — the upper fractal (blue dashed line). 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 – down.Overall conclusion: Downward trend.Alternative scenario: Today,
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