Trend analysis (Fig. 1).

On Thursday, from the 1.3442 level (yesterday's daily close), the market may continue moving downward toward 1.3383 – the 23.6% retracement level (blue dotted line). From this level, the price may rebound upward toward 1.3405 – a historical resistance level (light 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 – downward.

Overall conclusion: downward trend.

Alternative scenario: From the 1.3442 level (yesterday's daily close), the price may start moving downward toward 1.3405 – a historical resistance level (light blue dotted line). From this level, the price may rebound upward toward 1.3414 – the 38.2% retracement level (blue dotted line).