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Trend analysis:
EUR/USD may retain a bearish market in August, declining from the level of 1.0996 (closing of the July monthly candle) to the support line located at 1.0898 (blue bold line). It will be followed by a rise to the upper fractal located at 1.1275 (yellow dotted line). The upward movement may continue after testing the level.
Fig. 1 (monthly chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Conclusion: All signals point to an upward movement in EUR/USD.
Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the monthly white candle (the first week of the month is white) and no second upper shadow (the last week is white).
Therefore, this month, quotes will fall from 1.0996 (closing of the July monthly candle) to the support line at 1.0898 (blue bold line), followed by a rise to the upper fractal at 1.1275 (yellow dotted line). The upward movement may continue after testing the level.
Alternatively, euro could slip from 1.0996 (closing of the July monthly candle) to the 3 EMA at 1.0799 (yellow thin line), and then rise to the 61.8% retracement level at 1.1275 (red dotted line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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