Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0784 (closing of Friday's daily candlestick) to 1.0821, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0836, the historical resistance level (blue dotted line).
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 1.0784 (closing of Friday's daily candlestick) to 1.0821, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0836, the historical resistance level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0784 (closing of Friday's daily candlestick) to 1.0821, the 23.6% pullback level (red dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0807, the 13-period EMA (yellow thin line).
