Trend analysis (Fig. 1).
On Friday, the market from the level of 1.3430 (yesterday's daily close) may continue moving downward with a target at 1.3366 – the 50% retracement level (yellow dotted line). Upon testing this level, the price may rebound upward with a target at 1.3405 – the historical resistance level (blue dotted 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 – up.Overall conclusion: downward trend.
Alternative scenario: From the level of 1.3430 (yesterday's daily close), the price may continue moving downward with a target at 1.3405 – the historical resistance level (blue dotted line). Upon testing this level, the price may rebound upward with a target at 1.3420 – the 38.2% retracement level (yellow dotted line).