Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.1200 (closing of yesterday's daily candle) to 1.1240, the upper fractal (daily candle from 07/19/2023). From this level, the price may move downward with the target of 1.1171, the 23.6% pullback level (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 upward from the level of 1.1200 (closing of yesterday's daily candle) to 1.1240, the upper fractal (daily candle from 07/19/2023). From this level, the price may move downward with the target of 1.1171, the 23.6% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.1200 (closing of yesterday's daily candle) to 1.1240, the upper fractal (daily candle from 07/19/2023). From this level, the price may move downward to 1.1121, the 161.8% pullback level (blue dotted line).
