Trend analysis (Fig. 1).
On Friday, the price may continue to move down with the target of 1.2156 - the lower fractal. In case of breaking further down, it is possible to move to the pullback level of 61.8% - 1.2127 (blue dotted line)
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger Lines - down;
- weekly schedule - down.
General conclusion:
On Thursday, the price may continue to move down.
An unlikely scenario is an upward movement from the lower fractal 1.2156.
