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Trend Analysis (Fig. 1)
Today, EUR/USD may continue to fall from 1.0824 (the close of yesterday's daily candle) with a target of 1.0807 – the 50% pullback level (red dashed line). Upon reaching this level, the price may start rising with a target of 1.0845 – the record resistance level (blue dashed line).
Fig. 1 (daily chart)
Comprehensive analysis:
General Conclusion:
Today, EUR/USD may continue to fall from 1.0824 (the close of yesterday's daily candle) with a target of 1.0807 – the 50% pullback level (red dashed line). Upon reaching this level, the price may start rising with a target of 1.0845 – the record resistance level (blue dashed line).
Alternative scenario: On Thursday, the pair may continue to fall from 1.0824 (the close of yesterday's daily candle) with a target of 1.0798 – the lower fractal (daily candle from July 30, 2024). Upon reaching this level, the price may start rising with a target of 1.0845 – the record resistance level (blue dashed 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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