Trend analysis (Fig. 1).
On Friday, from the level of 1.3440 (yesterday's daily candle close), the market may start moving downward toward 1.3378 — the 23.6% retracement level (yellow dashed line). Upon testing this level, the price may move upward toward 1.3452 — the upper fractal (yellow 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 1.3440 (yesterday's daily candle close), the price may continue moving downward toward 1.3406 — the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may move upward toward 1.3452 — the upper fractal (yellow dashed line).