Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0644 (closing of Friday's daily candle) with a target of 1.0635, the lower fractal (red dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0690, the 13-period EMA (blue thin line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger bands – down;
- Weekly chart – up.
General conclusion:
Today, the price may move downward from the level of 1.0644 (closing of Friday's daily candle) with a target of 1.0635, the lower fractal (red dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0690, the 13-period EMA (blue thin line).
Alternatively, the price may move downward from the level of 1.0644 (closing of Friday's daily candle) with a target of 1.0616, the lower fractal (blue dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0666, the 8-period EMA (blue thin line).
