Trend analysis (Fig. 1).

On Thursday, the continuation of the downward movement with the target of 1.0988 is possible - the pullback level of 61.8% (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - neutral;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion:

On Thursday, the downward movement will continue.

Up until 11.45 Universal time, the continuation of the downward movement with the first target of 1.0988, which is a pullback level of 61.8% (blue dotted line) is possible, then much will depend on the news.