Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from 1.1000 (closing of yesterday's daily candle) to test 1.1027, the 85.4% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.1011, the upper fractal (blue dotted line). In the case of testing this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from 1.1000 (closing of yesterday's daily candle) to test 1.1027, the 85.4% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.1011, the upper fractal (blue dotted line). In the case of testing this level, the price may move up.
Alternatively, the price may move up from the level of 1.1000 (closing of yesterday's daily candle) to test 1.1027, the 85.4% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible with the target of 1.1041, the upper limit of the Bollinger band indicator (black dotted line).
