Trend analysis (Fig. 1).

On Friday, the market from the level of 1.3551 (yesterday's daily candle close) may continue moving downward toward the target of 1.3482 – the 61.8% retracement level (red dashed line). When testing this level, a corrective upward movement is possible with a target of 1.3501 – the 38.2% retracement level (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – down;
• Fibonacci levels – down;
• Volumes – down;
• Candlestick analysis – down;
• Trend analysis – down;
• Bollinger Bands – down;
• Weekly chart – up.

General conclusion: downward trend.

Alternative scenario: From the level of 1.3551 (yesterday's daily candle close), the price may continue moving downward toward the target of 1.3465 – the 61.8% retracement level (blue dashed line). When testing this level, a corrective upward movement is possible with a target of 1.3482 – the 61.8% retracement level (red dashed line).