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Trend Analysis (Fig. 1)
Today, EUR/USD may start falling from the level of 1.0938 (yesterday's daily candle close) towards the target of 1.0916 – the upper fractal (dashed blue line). Upon reaching this level, the price may continue to rise towards the target of 1.0966 – the resistance line (bold red line).
Fig. 1 (daily chart)
Comprehensive Analysis:
General Conclusion:
Today, EUR/USD may start falling from the level of 1.0938 (yesterday's daily candle close) towards the target of 1.0916 – the upper fractal (dashed blue line). Upon reaching this level, the price may continue to rise towards the target of 1.0966 – the resistance line (bold red line).
Alternative Scenario: EUR/USD may start falling from the level of 1.0938 (yesterday's daily candle close) towards the target of 1.0916 – the retracement level of 14.6% (dashed red line). Upon reaching this level, the price may continue to rise towards the target of 1.0966 – the resistance line (bold red 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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