Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0507 (closing of Friday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible with a target at the 1.0598 resistance level (red thick line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger bands – down;
- Weekly chart – up.
Today, the price may move upward from the level of 1.0507 (closing of Friday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible with a target at the 1.0598 resistance level (red thick line).
Alternatively, the price may move upward from the level of 1.0507 (closing of Friday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0547, the 8-period EMA (red thin line).
