Trend Analysis (Fig. 1).

On Thursday, from the level of 1.1628 (yesterday's daily candle close), the market may continue moving downward with a target at 1.1592 – the 61.8% retracement level (blue dashed line). When testing this level, the price may bounce upward with a target at 1.1608 – a historical resistance level (light blue dashed line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

• Indicator analysis – downward;
• Fibonacci levels – downward;
• Volumes – downward;
• Candlestick analysis – downward;
• Trend analysis – downward;
• Bollinger Bands – downward;
• Weekly chart – downward.

Overall conclusion: Downward trend.

Alternative scenario: On Thursday, from the level of 1.1628 (yesterday's daily candle close), the market may continue moving downward with a target at 1.1608 – a historical resistance level (light blue dashed line). When testing this level, the price may bounce upward with a target at 1.1645 – the lower fractal (red dashed line).