Trend Analysis (Fig. 1)

On Thursday, from the level of 1.1658 (yesterday's daily close), the market may continue to move upward, targeting 1.1700 – the 38.2% retracement level (red dotted line). Upon testing this level, the price may pull back downward toward 1.1672 – the 50% retracement level (red dotted line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – upward
• Fibonacci levels – upward
• Volume – upward
• Candlestick analysis – upward
• Trend analysis – upward
• Bollinger Bands – upward
• Weekly chart – upward

Overall Conclusion: Upward trend

Alternative Scenario:On Thursday, from the level of 1.1658 (yesterday's daily close), the market may continue moving upward toward 1.1700 – the 38.2% retracement level (red dotted line). If this level is tested, the price may continue rising toward 1.1734 – the 23.6% retracement level (red dotted line).