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Trend Analysis (Fig. 1):
On Monday, the market, starting from 1.2921 (Friday's daily close), may begin moving downward toward 1.2887, which corresponds to the 14.6% retracement level (yellow dashed line). From this level, the price may then continue moving upward toward 1.2944, which aligns with the upper fractal (yellow dashed line).
Comprehensive Analysis:
Overall Conclusion: The general trend remains bearish.
Alternative Scenario:
If the price moves downward from 1.2921 (Friday's daily close), it may reach 1.2852 (the 23.6% retracement level, yellow dashed line). From this level, the price may then start an upward movement toward 1.2935, which serves as a historical support level (light blue dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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