Trend analysis (Fig. 1)
EUR/USD is likely to decline on Thursday, from the closing of yesterday's daily candle (1.1303) to the 76.4% retracement level (1.1207). Then, it will go to the lower fractal (1.1280).
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - downtrend
Fibonacci levels - downtrend
Volumes - downtrend
Candlestick analysis - downtrend
Trend analysis - downtrend
Bollinger bands - downtrend
Weekly chart - downtrend
Conclusion: EUR/USD will dip from 1.1303 (closing of yesterday's daily candle) to 1.1207, which is the 76.4% retracement level (red dotted line). Then, it will go to 1.1280, which is the lower fractal (blue dotted line).
Alternatively, the pair could go down from 1.1303 (closing of yesterday's daily candle) to the 76.4% retracement level at 1.1207 (red dotted line), then move lower to the historical support level at 1.1190 (blue dotted line). After that it will bounce up to the lower fractal at 1.1280 (blue dotted line).