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Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0886, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0886, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.
Alternatively, the price may move downward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0769, the historical resistance level (blue dotted line). In the case of testing this level, an upward movement is possible to the target level at 1.0839, the 14.6% pullback level of (blue 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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