Indicator analysis: Daily review of EUR/USD on July 31, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.1016 (closing of Friday's daily candle) with the target at the 1.0947 support level (thick blue line). In the case of testing this level, an upward movement is possible with the target of 1.1013, the historical resistance level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Bollinger bands - down;Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.1016 (closing of Friday's daily candle) to the 1.0947 support level (thick blue line). In the case of testing this level, an upward movement is possible with the target of 1.1013, the historical resistance level (blue dotted line).

Alternatively, the price may move downward from the level of 1.1016 (closing of Friday's daily candle) with the target of 1.1002, the 61.8% pullback level (red dotted line). When testing this level, the price may rise with the target of 1.1059, the 13-day EMA (yellow thin line).