Trend Analysis (Fig. 1)
On Thursday, the market may continue moving downward from the 1.1536 level (yesterday's daily candle close), aiming for 1.1516 — the 76.4% retracement level (blue dotted line). When testing this level, the price may bounce upward, targeting 1.1534 — the 14.6% retracement level (yellow dotted line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Indicator analysis – downwardFibonacci levels – downwardVolumes – downwardCandlestick analysis – downwardTrend analysis – downwardBollinger Bands – downwardWeekly chart – downwardOverall conclusion: downward trend.
Alternative scenario: On Thursday, the market may continue moving downward from the 1.1536 level (yesterday's daily candle close), targeting 1.1472 — a historical resistance level (light blue dotted line). When testing this level, the price may bounce upward, targeting 1.1516 — the 76.4% retracement level (blue dotted line).