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Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0875, the 38.2% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0861, the 50% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today, the price may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0875, the 38.2% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0861, the 50% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0861, the 50% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0836, the historical support level (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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