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Trend Analysis (Fig. 1).
On Wednesday, the market may continue moving upward from the 1.1621 level (yesterday's daily candle close) toward the target of 1.1655 — the 50% pullback level (blue dotted line). When testing this level, the price may possibly pull back downward to the target of 1.1640 — the 38.2% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive Analysis:
Overall conclusion: upward trend.
Alternative scenario: From the 1.1621 level (yesterday's daily candle close), the price may continue moving upward toward the target of 1.1640 — the 38.2% pullback level (yellow dotted line). When testing this level, the price may possibly pull back downward toward the target of 1.1625 — the upper fractal (daily candle of December 2, 2025).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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