Trend analysis (Fig. 1).

Today, the downward trend may continue from the level of 1.2608 (closing of yesterday's candle) with the target of 1.2572 - a 23.6% pullback level (red dotted line). From this level, the price may continue to move down with the next target of 1.2511 - a 38.2% pullback level (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price may continue to move downward from the level of 1.2608 (closing of yesterday's candle) with the target of 1.2572 - a 23.6% pullback level (red dotted line). From this level, the downward trend may continue with the next target of 1.2511 - a 38.2% pullback level (red dashed line).

Another possible scenario is an upward pullback upon reaching 1.2532 - a 38.2% retracement level (red dashed line) with the target at the upper fractal 1.2670 (red dashed line).