Trend analysis (Fig. 1).
The euro-dollar pair may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0713, the 38.2% pullback level (red dotted line). When testing this level, the price may move upward with the target of 1.0835, the 61.8% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - down.
General conclusion:
Today, the price may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0713, the 38.2% pullback level (red dotted line). When testing this level, the price may move upward with the target of 1.0835, the 61.8% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0706, the 21-day EMA (thin black line). When testing this level, an upward movement is possible with the target of 1.0835, the 61.8% pullback level (red dotted line).
