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07.08.2025 10:10 AMTrend Analysis (Fig. 1)
On Thursday, from the level of 1.3353 (yesterday's daily close), the market may continue moving upward toward the 76.4% retracement level at 1.3416 (blue dotted line). From this level, the price may pull back downward toward 1.3385 – the 50% retracement level (red dotted line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Overall Conclusion: Upward trend
Alternative Scenario: From the level of 1.3353 (yesterday's daily close), the price may continue to rise toward 1.3416 – the 76.4% retracement level (blue dotted line). From this level, the price may extend its upward movement toward 1.3433 – the 61.8% retracement level (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.
