Trend analysis (Fig. 1).

Today, the market from the level of 1.3685 (closing of yesterday's daily candle) may continue to move down with the target of 1.3621 - the 21 period EMA (black thin line). When testing this line, it is possible to continue moving upward with a target of 1.3743 - the upper fractal (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down
• Fibonacci levels - down
• Volumes - down
• Candlestick analysis - down
• Trend analysis - down
• Bollinger bands - up
• Weekly chart - down

General conclusion:

Today, the price from the level of 1.3685 (closing of yesterday's daily candle) may continue to move down with the target of 1.3621 - the 21 period EMA (black thin line). When testing this line, it is possible to continue moving upward with a target of 1.3743 - the upper fractal (red dotted line).

Alternative scenario: from the level of 1.3652 (closing of yesterday's daily candle), the pair may continue to move downward with a target of 1.3621 - the 21 period EMA (black thin line). When testing this line, it is likely to continue moving downward with a target of 1.3519 - the lower fractal (daily candle from 01/18/2021).