Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible, with the target of 1.1210, the 14.6% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - up;Fibonacci levels - up;Volumes - up;Candlestick analysis - up;Trend analysis - up;Bollinger bands - up;Weekly chart - up.General conclusion:
Today, the price may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible, with the target of 1.1210, the 14.6% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.1139, the 8-day EMA (thin blue line).