Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from 1.0835 (closing of yesterday's daily candle) to test 1.0862, the 50.0% pullback level (blue dotted line). From here, a continued upward movement is possible with a target of 1.0899, the 23.6% pullback level (yellow 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 1.0835 (closing of yesterday's daily candle) to 1.0862, the 50.0% pullback level (blue dotted line). From here, a continued upward movement is possible with a target of 1.0899, the 23.6% pullback level (yellow dotted line).
Alternatively, the price may move upward from the level of 1.0835 (closing of yesterday's daily candle) to test 1.0862, the 50.0% pullback level (blue dotted line). After that, the price may move downward to the 1.0809 support level (white thick line).
