Trend analysis (Fig. 1).
On Thursday, a downward movement with the target of 1.0925 is possible - the lower fractal (black dashed line). By reaching this level, most likely we will rollback up with the target of 1.0972 - pullback level 23.6% (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - down;
- weekly schedule - up.
General conclusion:
On Thursday, an upward movement is not possible.
An unlikely scenario - breaking down the lower fractal of 1.0925 - lower fractal.
