Trend analysis (Fig. 1).
The euro-dollar pair may move downward from the level of 1.0737 (closing of yesterday's daily candle) to the 1.0717 support level (thick blue line). When testing this level, an upward movement is possible with the target of 1.0930, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move downward from the level of 1.0737 (closing of yesterday's daily candle) to the 1.0717 support level (thick blue line). When testing this level, an upward movement is possible with the target of 1.0930, the 38.2% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0737 (closing of yesterday's daily candle) to 1.0669, the lower fractal (red dotted line). When testing this level, an upward movement is possible with the target of 1.0746, the 61.8% pullback level (blue dotted line).
