Trend analysis (Fig. 1).
On Thursday, a downward movement is possible with the first goal which is channel 1.1301 (lower fractal) - 1.1301 historical support level (blue dashed line). Moreover, breaking this channel down is unlikely.
Fig. 1 (daily schedule). Comprehensive analysis: - indicator analysis - up; - Fibonacci levels - neutral; - volumes - top; - candlestick analysis is neutral; - trend analysis - up; - Bollinger lines - down; - weekly schedule - up. General conclusion:
On Thursday, a downward movement is possible with the first goal, channel 1.1301 (lower fractal) - 1.1301 historical support level (blue dashed line). Additionally, breaking this channel down is unlikely.
