See also
03.09.2025 10:48 AMTrend Analysis (Fig. 1).
On Wednesday, the market from the level of 1.3391 (yesterday's daily close) may continue moving downward, targeting 1.3313 – the 61.8% retracement level (yellow dotted line). Upon testing this level, the price may possibly bounce upward, targeting 1.3366 – the 50% retracement level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive Analysis:
General conclusion: downward trend.
Alternative scenario: on Wednesday, the market from the level of 1.3391 (yesterday's daily close) may continue moving downward, targeting 1.3339 – the lower fractal (daily candle of 02.09.2025). Upon testing this level, a possible bounce upward may occur, targeting 1.3366 – the 50% retracement level (yellow 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.
