Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.1227 (closing of yesterday's daily candle) to test 1.1203, the 208% price level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.1275, 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 - down;
- Bollinger bands - up;
- Weekly chart - down.
General conclusion:
Today, the price may move downward from the level of 1.1227 (closing of yesterday's daily candle) to test 1.1203, the 208% price level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.1275, the upper fractal (red dotted line).
Alternatively, the price may move downward from the level of 1.1227 (closing of yesterday's daily candle) with the target of 1.1170, the 23.6% pullback level (red dotted line). Upon reaching this level, an upward movement is possible with the target of 1.1275, the upper fractal (red dotted line).
