Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (black thin line). From this level, an upward movement is possible to the target level at 1.0960, the 50% 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 - up.
General conclusion:
Today, the price may move downward from the level of 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (black thin line). From this level, an upward movement is possible to the target level at 1.0960, the 50% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (thin black line). From this level, the price may continue to move down to the target level at 1.0879, the 61.8% pullback level (red dotted line). In the case of testing this level, the price may move up.
