Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0860 (closing of yesterday's daily candlestick) to 1.0836, the historical support level (blue dotted line). In the case of testing this level, an upward movement is possible, with a target of 1.0864, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Candlestick analysis – down;
- Trend analysis – up;
- Bollinger bands – down;
- Weekly chart – up.
General conclusion: Today, the price may move downward from the level of 1.0860 (closing of yesterday's daily candlestick) to 1.0836, the historical support level (blue dotted line). In the case of testing this level, an upward movement is possible, with a target of 1.0864, the 38.2% pullback level (red dotted line).
Alternatively, from the level of 1.0860 (closing of yesterday's daily candlestick), the price may move downward to 1.0836, the historical support level (blue dotted line). In the case of testing this level, a continued downward movement is possible with a target of 1.0804, the 61.8% pullback level (blue dotted line).
