Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0726 (closing of yesterday's daily candle) to the 1.0686 support level (red thick line). From this level, an upward movement is possible with the target at 1.0728, the 85.4% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - 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 1.0726 (closing of yesterday's daily candle) to the 1.0686 support level (red thick line). From this level, an upward movement is possible with the target at 1.0728, the 85.4% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0726 (closing of yesterday's daily candle) to 1.0676, the lower limit of the Bollinger Band indicator (black dotted line). From this level, an upward movement is possible with the target at 1.0728, the 85.4% pullback level (red dotted line).
