Trend analysis (Fig. 1).

On Thursday, from the 1.1812 level (yesterday's daily candle close), the market may continue moving downward toward the target of 1.1762 – the 85.4% pullback level (red dotted line). Upon testing this level, the price may rebound upward toward 1.1779 – the upper fractal (red 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.

General conclusion: bearish trend.

Alternative scenario: on Thursday, from the 1.1812 level (yesterday's daily candle close), the market may continue moving downward toward 1.1779 – the upper fractal (red dotted line). Upon testing this level, the price may rebound upward toward 1.1828 – the historical resistance level (blue dotted line).