Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0939 (closing of Friday's daily candle) to the upper fractal at 1.0965 (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.1063, the historical resistance level (blue dotted line). When testing this level, the price may move down.
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.
Today, the price may move upward from the level of 1.0939 (closing of Friday's daily candle) to the upper fractal at 1.0965 (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.1063, the historical resistance level (blue dotted line). When testing this level, the price may move down.
Alternatively, the price may move upward from the level of 1.0939 (closing of Friday's daily candle) to the upper fractal at 1.0965 (yellow dotted line). When testing this level, a downward movement is possible to the upper fractal at 1.0948 (daily candle from 24/11/2023).
