Trend analysis (Fig. 1).

The market may begin to move downward from the level of 1.1793 (closing of yesterday's daily candle) with the target of 1.1714 - a 14.6% pullback level (red dotted line). From this level, there is a possibility that the price may continue to move downward with the next target at 1.1657 - a 23.6% pullback level (red 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 chart - down.

General conclusion:

Today the market may begin to move downward from the level of 1.1793 (closing of yesterday's daily candle) with the target of 1.1714 - a 14.6% pullback level (red dotted line). From this level, there is a possibility that the price may continue to move downward with the next target at 1.1657 - a 23.6% pullback level (red dotted line).

Another possible scenario is, after testing 1.1714 - a 14.6% pullback level (red dotted line) the price may begin to move upward with the target at the upper fractal 1.1807 (red dotted line).