Trend analysis (Fig. 1).

On Thursday, the market may start moving down from the level of 1.1979 (closing of yesterday's daily candlestick) to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, it is likely to continue working upwards to the target set at 1.1989 - the upper fractal (blue dashed line). And if this level is reached, it may rise to 1.2066 - the upper border of the Bollinger line indicator (black 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 market may start moving down from the level of 1.1979 (closing of yesterday's daily candlestick) to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, it is likely to continue working upwards to the target set at 1.1989 - the upper fractal (blue dashed line). Reaching this level will enable it to continue rising.

Alternative scenario: from the level of 1.1979 (closing of yesterday's daily candlestick), the pair may start moving down to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, the downward movement may continue to the target set at 1.1921, the 23.6% retracement level (red dashed line).