On Thursday, the following strong calendar news comes out:

- 11.45 London time. EUR, the deposit rate, are waiting for -0.40%, the previous value is -0.40%;

- 11.45 London time. EUR, the ECB's margin lending rate. The expected value is 0.25% compared to the previous value of 0.25%;

- 11.45 London time. EUR, the decision on the interest rate (Apr). The expected value is 0.00% compared to the previous value of 0.00%;

- 12.30 London time. USD, basic orders for durable goods (m / m) (mar). The expected value is 0.5% compared to the previous value of 1.0%;

- 12.30 London time. EUR, ECB press conference.

Trend analysis (Figure 1).

On Wednesday, the price continued to move down according to the weekly schedule. On Thursday, the downward movement may continue, but much will be resolved by the strong news that comes out at 11.45 London time. A complex analysis will more accurately determine where the price will go next.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Thursday, the market will move up in the side of the channel prior to the release of the reports but after the news, the probability of a decline is more likely at 11.45 London time.