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Trend Analysis (Fig. 1).
On Monday, the market from the level of 1.3525 (the close of Friday's daily candle) may begin moving downward with the target at 1.3486 – the 23.6% retracement level (yellow dotted line). Upon testing this level, the price may then start an upward movement with the target at 1.3543 – the upper fractal (daily candle of August 22, 2025).
Fig. 1 (daily chart).
Comprehensive Analysis:
Overall conclusion: downward trend.
Alternative Scenario: From the level of 1.3525 (the close of Friday's daily candle), the price may begin a downward movement with the target at 1.3486 – the 23.6% retracement level (yellow dotted line). Upon testing this level, the price may continue upward toward the target of 1.3593 – the upper fractal (yellow dotted line).
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