Trend analysis (Fig. 1).
The euro-dollar pair may move down from the level of 1.0904 (closing of yesterday's daily candle) to 1.0869, the 14.6% pullback level (yellow dotted line). When testing this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - up.
General conclusion:
Today, the price may move down from the level of 1.0904 (closing of yesterday's daily candle) to 1.0869, the 14.6% pullback level (yellow dotted line). When testing this level, the price may move up.
Alternatively, the price may move down from the level of 1.0904 (closing of yesterday's daily candle) to 1.0832, the 23.6% pullback level (yellow dotted line). When testing this level, an upward movement is possible with the target of 1.0910, the 76.4% pullback level (red dotted line).
