Trend analysis (Fig. 1)
On Tuesday, EUR / USD will try to rise from 1.1275 (closing of yesterday's daily candle) to the historical resistance level 1.1305 (blue dotted line), and then go further up to 1.1360, which is the upper fractal (red dotted line). It may also climb higher than these levels.
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - uptrend;
- Fibonacci levels - uptrend;
- Volumes - uptrend;
- Candlestick analysis - uptrend;
- Trend analysis - uptrend;
- Bollinger bands - downtrend;
- Weekly chart - uptrend.
Conclusion: EUR/USD will climb up from 1.1275 (closing of yesterday's daily candle) to the historical resistance level 1.1305 (blue dotted line), then continue rising to 1.1360, which is the upper fractal (red dotted line). There is a high chance that it will go further up after.
Alternatively, the pair could go down to the lower fractal at 1.1222 (red dotted line) after rising from 1.1275 (closing of yesterday's daily candle) to the historical resistance level 1.1305 (blue dotted line).
