Trend Analysis (Fig. 1)

On Friday, the market may continue moving downward from the 1.1569 level (the closing price of yesterday's daily candle) toward the 1.1542 target — the lower fractal (yellow dotted line). Upon testing this level, a pullback movement upward toward 1.1556 is possible — a historical resistance level (blue dotted 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 – upward

Overall conclusion: Downward trend.

Alternative scenario:Today, from the 1.1569 level (closing price of yesterday's daily candle), the price may start moving downward toward 1.1516 — the 76.4% retracement level (blue dotted line). Upon testing this level, a pullback upward movement toward 1.1542 — the lower fractal (yellow dotted line) — is possible.