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Trend Analysis (Fig. 1):
On Friday, from the 1.3723 level (yesterday's daily candle close), the market may continue rising toward 1.3769 – the upper fractal (yellow dashed line). Upon testing this level, a downward movement is possible toward 1.3710 – the 14.6% retracement level (yellow dashed line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Overall conclusion: bullish trend
Alternative Scenario: From the 1.3723 level (yesterday's daily candle close), the price may continue upward toward 1.3769 – upper fractal (yellow dashed line). If this level is tested, the upward movement may extend toward the 1.3792 target – 161.8% level (red dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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