See also
Trend Analysis (Fig. 1).
On Monday, from the 1.3450 level (Friday's daily candle close), the market may continue moving upward toward 1.3481 – the 76.4% retracement level (red dotted line). Upon testing this level, the price may begin moving downward toward 1.3416 – the 61.8% retracement level (red dotted line).
Fig. 1 (Daily Chart).
Comprehensive Analysis:
Overall conclusion: upward trend.
Alternative scenario: from the 1.3450 level (Friday's daily candle close), the price may continue moving upward toward 1.3522 – the 85.4% retracement level (red dotted line). Upon reaching this level, a pullback downward toward 1.3481 – the 76.4% retracement level (red dotted line) is possible.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.