Trend analysis (Fig. 1).

Today, the market will try to continue moving down from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1711 - the 85.4% retracement level (red dotted line). After testing this level, the price may start working upwards to the target at 1.1811 - the historical resistance level (blue dashed line). Once this level is tested, it may further rise to the target at 1.1848 - the retracement level of 38.2% (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• rend analysis - down;
• Bollinger lines - down;
• Weekly chart - down.

General conclusion:

Today, the price will try to continue moving down from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1711 - the 85.4% retracement level (red dotted line). After testing this level, the price may start working upwards to the target at 1.1811 - the historical resistance level (blue dashed line). Once this level is tested, it may further rise to the target at 1.1848 - the 38.2% retracement level (blue dashed line).

Alternative scenario: the price will try to move upwards from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1794 - the 14.6% retracement level (blue dashed line). After testing this level, the price may continue to work upward with the target at 1.1815 - the 23.6% retracement level (blue dashed line).