Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0941 (closing of Friday's daily candlestick) to 1.0973, the 85.4% pullback level (red dotted line). The price may continue to move upward from this level, with a target at the 1.1010 resistance level (white thick line). In the case of testing this level, continued upward movement is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly chart – up.
Today, the price may move upward from the level of 1.0941 (closing of Friday's daily candlestick) to 1.0973, the 85.4% pullback level (red dotted line). The price may continue to move upward from this level, with a target at the 1.1010 resistance level (white thick line). In the case of testing this level, continued upward movement is possible.
Alternatively, the price may move upward from the level of 1.0941 (closing of Friday's daily candlestick) to 1.0980, the 38.2% pullback level (yellow dotted line). From this level, a downward movement is possible with a target at 1.0931, the 50% pullback level (yellow dotted line). In the case of testing this level, the price may move up.
