Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0996 (closing of yesterday's daily candle) to test the support at 1.0955 (thick blue line). Upon testing this level, an upward movement is possible with the target of 1.1013, the historical resistance level (blue dotted line). Upon testing this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - up.
General conclusion:
Today, the price may move downward from the level of 1.0996 (closing of yesterday's daily candle) to test the support at 1.0955 (thick blue line). Upon testing this level, an upward movement is possible with the target of 1.1013, the historical resistance level (blue dotted line). Upon testing this level, the price may continue to move up.
Alternatively, the price may move downward from the level of 1.0996 (closing of yesterday's daily candle) to test 1.0930, the historical support level (blue dotted line). Upon testing this level, an upward movement is possible with the target of 1.1054, the 50% pullback level (red dotted line).
