The exchange rate may continue its upward trend. My analysis attempts to explain that the current corrective motion is a symmetric fractal motion similar to the symmetric fractal seen at the intersection of the previous MA (50) axis. However, it is now twice its size. Therefore, it is expected that the size of the further rise will be doubled. In case the analysis works, the target price for the ascent is 1,14066 Note: The red rectangle is a so-called "spike area". This distance must be taken into account when placing the stop position.