See also
08.10.2025 10:12 AMTrend Analysis (Fig. 1).
On Wednesday, from the level of 1.1655 (yesterday's daily candle close), the market may continue downward toward 1.1593 — the 61.8% retracement level (blue dotted line). Upon testing this level, the price may rebound upward toward 1.1608 — a historical resistance level (light-blue dotted line).
Fig. 1 (Daily chart).
Comprehensive Analysis:
Overall conclusion: downward trend.
Alternative scenario: from the level of 1.1655 (yesterday's daily candle close), the price may continue downward toward 1.1608 — a historical resistance level (light-blue dotted line). Upon testing this level, the price may rebound upward toward 1.1645 — the lower fractal (red dotted line).
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
