Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0708 (closing of yesterday's daily candle) to the 1.0747 resistance level (white thick line). In the case of testing this level, a continued upward movement is possible with a target of 1.0764, the 38.2% pullback 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 1.0708 (closing of yesterday's daily candle) to the 1.0747 resistance level (white thick line). In the case of testing this level, a continued upward movement is possible with a target at 1.0764, the 38.2% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0708 (closing of yesterday's daily candle) to the 1.0747 resistance level (white thick line). In the case of testing this level, a downward movement is possible with a target at 1.0721, the 14.6% pullback level (yellow dotted line).
