Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0794 (closing of yesterday's daily candle) to test 1.0728, the 85.4% pullback level (red dotted line). Upon testing this level, an upward movement is possible to 1.0765, the lower fractal (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger bands - down;
- Weekly chart - down.
General conclusion:
Today, the price may move downward from the level of 1.0794 (closing of yesterday's daily candle) to test 1.0728, the 85.4% pullback level (red dotted line). Upon testing this level, an upward movement is possible to 1.0765, the lower fractal (blue dotted line).
Alternatively, the price may move downward from the level of 1.0794 (closing of yesterday's daily candle) to test 1.0728, the 85.4% pullback level (red dotted line). Upon testing this level, a downward movement will continue with the target at the 1.0698 support level (thick red line).
