Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0884 (closing of yesterday's daily candle) to 1.0871, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0913, the 23.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Candlestick analysis – down;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly chart – up.
General conclusion: Today, the price may move downward from the level of 1.0884 (closing of yesterday's daily candle) to 1.0871, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0913, the 23.6% pullback level (blue dotted line).
Alternatively, from the level of 1.0884 (closing of yesterday's daily candle), the price may move downward to 1.0864, the 38.2% pullback level (red dotted line). In the case of testing this level, an upward movement is possible to 1.0913, the 23.6% pullback level (blue dotted line).
