Trend analysis (Fig. 1).

The market may continue to move down from the level of 1.3917 (closing of yesterday's daily candlestick) with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3944 - the 85.4% pullback 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 lines - down;

- Weekly chart - down.

General conclusion :

Today, the price may continue to move down from the level of 1.3917 (closing of yesterday's daily candlestick) with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3944 - the 85.4% pullback level (yellow dashed line).

Alternative scenario: from the level of 1.3917 (closing of yesterday's daily candlestick), the price may continue moving down with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.3752 - the 85.4% pullback level (red dotted line).