Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – up;
- Bollinger bands – down;
- Weekly chart – up.
General conclusion: Today, the price may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0707, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0772, the 14.6% pullback level (blue dotted line).
