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Trend Analysis: EUR/USD May Experience Upward Movement from 1.0863 to 1.0914

Trend Analysis: EUR/USD May Experience Upward Movement from 1.0863 to 1.0914
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Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0914, the 23.6% pullback level (blue dotted line). From this level, the price may move down.

 

trend analysis eur usd may experience upward movement from 1 0863 to 1 0914 grafika numer 1trend analysis eur usd may experience upward movement from 1 0863 to 1 0914 grafika numer 1

 

Fig. 1 (daily chart).

Comprehensive analysis:

Indicator analysis - up;

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Fibonacci levels - up;

Volumes - up;

Candlestick analysis - up;

Trend analysis - up;

Bollinger bands - down;

Weekly chart - up.

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General conclusion:

Today, the price may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0914, the 23.6% pullback level (blue dotted line).

From this level, the price may move down. Alternatively, the price may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0903, the 13-day EMA (yellow thin line).

From this level, a continued upward movement is possible to the target level at 1.0928, the 21-day EMA (black thin line). In the case of testing this level, the price may move down.


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