Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0793 (closing of Friday's daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback 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 1.0793 (closing of Friday's daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback level (blue dotted line).
Alternatively, from the level of 1.0793 (closing of Friday's daily candle), the price may move upward to 1.0837, the 50% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible to 1.0818, the 23.6% pullback level (yellow dotted line).
