Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0761 (closing of Friday's daily candlestick) to 1.0708, the 61.8% pullback level (yellow dotted line). From this level, an upward movement is possible with a target of 1.0769, the historical resistance level (blue dotted line). In the case of testing this level, the price may move down.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – up;
- Trend analysis – down;
- Bollinger bands – down;
- Weekly chart – down.
Today, the price may move downward from the level of 1.0761 (closing of Friday's daily candlestick) to 1.0708, the 61.8% pullback level (yellow dotted line). From this level, an upward movement is possible with a target of 1.0769, the historical resistance level (blue dotted line). In the case of testing this level, the price may move down.
Alternatively, the price may move downward from the level of 1.0761 (closing of Friday's daily candlestick) to 1.0723, the historical support level (blue dotted line). From this level, an upward movement is possible with a target of 1.0763, the 38.2% pullback level (blue dotted line). In the case of testing this level, the price may move down.
