On Wednesday the market moved in the side channel. Traders could not decide whether the support line of 1.3067 (yellow thin line) was broken or not. On Thursday, a strong calendar news comes out at 9.30 and 13.30 London time.

Trend analysis (Fig. 1).

On Thursday, the technical analysis gives a downward movement. The first lower target is at 1.3002, which is the 38.2% pullback level (blue dashed line).

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis is neutral;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

On Thursday, the technical analysis gives a downward movement. The first lower target is at 1.3002, which is the 38.2% pullback level (blue dashed line).