Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.1226 (closing of Friday's daily candle) with the target of 1.1182, the 14.6% pullback level (red dotted line). In the case of testing this level, an upward movent is possible with the target of 1.1244, the upper fractal (red 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 - down.
General conclusion:
Today, the price may move downward from the level of 1.1226 (closing of Friday's daily candle) with the target of 1.1182, the 14.6% pullback level (red dotted line). In the case of testing this level, an upward movent is possible with the target of 1.1244, the upper fractal (red dotted line).
Alternatively, the price may move downward from the level of 1.1226 (closing of Friday's daily candle) with the target of 1.1146, the 23.6% pullback level (red dotted line). When testing this level, the price may move upward with the target of 1.1244, the upper fractal (red dotted line).
