Trend analysis (Fig. 1).
The EUR/USD currency pair may rise from the level of 1.0806 (closing of yesterday's daily candle) to 1.0836, the historical resistance level (blue dotted line). In the case of testing this level, a decline is possible with a target of 1.0793, the 50%% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – top;
- Volumes – up;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly chart – down.
General conclusion: Today, the price may rise from the level of 1.0806 (closing of yesterday's daily candle) to 1.0836, the historical resistance level (blue dotted line). In the case of testing this level, a decline is possible with a target of 1.0793, the 50%% pullback level (yellow dotted line).
Alternatively, the price may decline from the level of 1.0806 (closing of yesterday's daily candle) to 1.0769, the historical support level (blue dotted line). In the case of testing this level, the price may rise with a target of 1.0836, the historical resistance level (blue dotted line).
