Trend analysis (Fig. 1).
Today, the EUR/USD currency pair may move upward from the level of 1.0618 (closing of yesterday's daily candle) to 1.0643, the 23.6% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0707, the historical resistance level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly chart – up.
General conclusion: Today, the price may move upward from the level of 1.0618 (closing of yesterday's daily candle) to 1.0643, the 23.6% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0707, the historical resistance level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0618 (closing of yesterday's daily candle) to 1.0643, the 23.6% pullback level (blue dotted line). From here, the price may move downwards to the 1.0615 support level (red thick line).
