Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from 1.0852 (closing of Friday's daily candlestick) to 1.0793, the 50.0% pullback level (yellow dotted line). From this level, an upward movement is possible to the lower fractal at 1.0813 (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger bands – down;
- Weekly chart – down.
Today, the price may move downward from 1.0852 (closing of Friday's daily candlestick) to 1.0793, the 50.0% pullback level (yellow dotted line). From this level, an upward movement is possible to the lower fractal at 1.0813 (red dotted line)
Alternatively, the price may move downward from 1.0852 (closing of Friday's daily candlestick) to 1.0793, the 50.0% pullback level (yellow dotted line). The price may continue to move downwards from this level, with a target of 1.0764, the 38.2% pullback level (blue dotted line).
