Trend analysis (Fig. 1).

On Thursday, from the 1.1637 level (yesterday's daily close), the market may start moving downward, targeting 1.1594 – the 50% retracement level (yellow dotted line). Upon testing this level, the price may rebound upward, aiming for 1.1640 – the 61.8% retracement level (yellow 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 – downward.

Overall conclusion: downward trend.

Alternative scenario: On Thursday, from the 1.1637 level (yesterday's daily close), the market may start moving downward, targeting 1.1560 – the 50% retracement level (blue dotted line). Upon testing this level, the price may rebound upward, aiming for 1.1594 – the 50% retracement level (yellow dotted line).