Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.1036 (closing of Friday's daily candlestick) to 1.0990, the 13-period EMA (yellow thin line). From this level, an upward movement is possible with a target of 1.1080, the 76.4% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger bands – up;
- Weekly chart – down.
Today, the price may move downward from the level of 1.1036 (closing of Friday's daily candlestick) to 1.0990, the 13-period EMA (yellow thin line). From this level, an upward movement is possible with a target of 1.1080, the 76.4% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.
Alternatively, the price may move downward from the level of 1.1036 (closing of Friday's daily candlestick) to 1.0980, the 38.2% pullback level (yellow dotted line). From this level, an upward movement is possible with a target of 1.1080, the 76.4% pullback level (blue dotted line). In the case of testing this level, the price may move down.
