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