Trend analysis (Fig. 1).
The euro-dollar pair may move downward from the level of 1.0681 (closing of yesterday's daily candle) to the 1.0616 support level (thick blue line). From this level, an upward movement is possible to the upper fractal at 1.0773 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move downward from the level of 1.0681 (closing of yesterday's daily candle) to the 1.0616 support level (thick blue line). From this level, an upward movement is possible to the upper fractal at 1.0773 (yellow dotted line).
Alternatively, the price may move downward from the level of 1.0681 (closing of yesterday's daily candle) to 1.0598, the historical support level (blue dotted line). From this level, an upward movement is possible to the upper fractal at 1.0773 (yellow dotted line).
