Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0952 (closing of yesterday's daily candle) to test the upper fractal at 1.0965 (yellow dotted line). Then, a continued upward movement is possible with a target of 1.1063, the historical resistance level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – 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 1.0952 (closing of yesterday's daily candle) to test the upper fractal at 1.0965 (yellow dotted line). Then, a continued upward movement is possible with a target of 1.1063, the historical resistance level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0952 (closing of yesterday's daily candle) to test the upper fractal at 1.0965 (yellow dotted line). Then, a downward movement is possible with a target of 1.0899, the 14.6% pullback level (yellow dotted line).
