Trend Analysis (Fig. 1)
On Thursday, from the level of 1.3348 (yesterday's daily candle close), the market may begin moving downward toward the target of 1.3282 — the 38.2% retracement level (blue dashed line). From this level, the price may possibly pull back upward toward the target of 1.3293 — a historical resistance level (light blue dashed line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Indicator analysis – downFibonacci levels – downVolumes – downCandlestick analysis – downTrend analysis – downBollinger Bands – downWeekly chart – downOverall Conclusion: Downward trend.
Alternative Scenario:From the level of 1.3348 (yesterday's daily candle close), the price may begin moving downward toward the target of 1.3293 — a historical resistance level (light blue dashed line). From this level, the price may possibly pull back upward.