Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.1660 (yesterday's daily close) may start moving downward with the target at 1.1594 – the 50% retracement level (yellow dotted line). Upon testing this level, the price may bounce upward toward 1.1608 – the 38.2% retracement level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

Overall conclusion: downward trend.

Alternative scenario: On Thursday, the market from the level of 1.1660 (yesterday's daily close) may start moving downward with the target at 1.1566 – the 50% retracement level (blue dotted line). Upon testing this level, the price may bounce upward toward 1.1594 – the 50% retracement level (yellow dotted line).