Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0983 (closing of yesterday's daily candle) to test 1.1038, the 13-day EMA (yellow thin line). Upon reaching this level, a continued upward movement is possible to 1.1053, the 50.0% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.0983 (closing of yesterday's daily candle) to test 1.1038, the 13-day EMA (yellow thin line). Upon reaching this level, a continued upward movement is possible to 1.1053, the 50.0% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.0983 (closing of yesterday's daily candle) to test 1.1038, the 13-day EMA (yellow thin line). Upon reaching this level, a downward movement is possible to 1.1002, the 61.8% pullback level (red dotted line).
