Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0844 (closing of yesterday's daily candle) to the 1.0815 support level (bold white line). In the case of testing this level, a continued downward movement is possible with a target of 1.0793, the 50% pullback level (yellow 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.
General conclusion: Today, the price may move downward from the level of 1.0844 (closing of yesterday's daily candle) to the 1.0815 support level (bold white line). In the case of testing this level, a continued downward movement is possible with a target of 1.0793, the 50% pullback level (yellow dotted line). From this level, the price may move up.
Alternatively, the price may move downward from the level of 1.0844 (closing of yesterday's daily candle) to the 1.0815 support level (bold white line). In the case of testing this level, an upward movement is possible with a target of 1.0843, the 14.6% pullback level (yellow dotted line).
