Trend analysis (Fig. 1).

On Thursday, the market may start moving upward from the level of 1.3773 (closing of yesterday's daily candlestick) to the target set at 1.3819 - the resistance line of the descending channel (blue bold line). After testing this line, it is likely to continue moving upwards, with a target of 1.3882 - the 38.2% retracement level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may start moving upwards from the level of 1.3773 (closing of yesterday's daily candlestick) to the target set at 1.3819 - the resistance line of the descending channel (blue bold line). After testing this line, it is likely to continue moving upwards, with a target of 1.3882 - the 38.2% retracement level (blue dashed line).

Unlikely scenario: from the level of 1.3773 (closing of yesterday's daily candlestick), a downward movement may begin, with the target of 1.3668 - a lower fractal (blue dotted line). Upon testing this level, it may rise with the target of 1.3750 - the 14.6% retracement level (blue dashed line).