Trend Analysis (Figure 1).
The EUR/USD currency pair may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to continue moving upward with a target of 1.0959, the 61.8% pullback level (blue dotted line). When testing this level, a continuation of the ascending trend is possible.
Figure 1 (Daily chart).
Comprehensive Analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger Bands – up;
- Weekly chart – up.
Today, the price may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to continue moving upward with a target of 1.0959, the 61.8% pullback level (blue dotted line). When testing this level, a continuation of the ascending trend is possible.
Alternatively, the price may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to retrace downward.
