Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0887 (closing of yesterday's daily candle) to the upper fractal at 1.0965 (yellow 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 1.0887 (closing of yesterday's daily candle) to the upper fractal at 1.0965 (yellow dotted line).
Alternatively, the price may move upward from the level of 1.0887 (closing of yesterday's daily candle) to the upper fractal at 1.0922 (daily candle from 22/11/2023). In the case of testing this level, the price may move down.
