Trend Analysis (Fig. 1).

On Friday, from the level of 1.3508 (yesterday's daily close), the market may start moving down with a target of 1.3486 – the 23.6% retracement level (yellow dotted line). When testing this level, a corrective upward move is possible with a target of 1.3529 – the upper fractal (daily candle from August 28, 2025).

Fig. 1 (daily chart).

Comprehensive Analysis:

• Indicator analysis – down;
• Fibonacci levels – down;
• Volumes – down;
• Candlestick analysis – down;
• Trend analysis – down;
• Bollinger Bands – down;
• Weekly chart – up.

General conclusion: bearish trend.

Alternative scenario: From the level of 1.3508 (yesterday's daily close), the price may continue moving down with a target of 1.3467 – the 21-day EMA (thin black line). When testing this line, a corrective upward move is possible with a target of 1.3529 – the upper fractal (daily candle from August 28, 2025).