Trend Analysis (Fig. 1)

On Wednesday, the market may start moving downward from the level of 1.1651 (yesterday's daily candle close), aiming for 1.1597 – the 14.6% retracement level (yellow dashed line). When testing this level, the price may possibly rebound upward toward 1.1608 – a historical resistance level (blue dashed line).

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 – down.

Overall conclusion: downward trend.

Alternative Scenario:

From the level of 1.1651 (yesterday's daily candle close), the price may begin moving downward toward 1.1608 – a historical resistance level (blue dashed line). When testing this level, the price may possibly rebound upward toward 1.1617 – the lower fractal (daily candle from October 27, 2025).