Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0749 (closing of yesterday's daily candle) to test 1.0728, the 85.4% pullback level (red dotted line). Upon testing this level, an upward movement is possible with a target of 1.0785, the 75.4% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Volumes – down;Candlestick analysis – down;Trend analysis – down;Bollinger bands – down;Weekly chart – up.General conclusion: Today, the price may move downward from the level of 1.0749 (closing of yesterday's daily candle) to test 1.0728, the 85.4% pullback level (red dotted line). Upon testing this level, an upward movement is possible with a target of 1.0785, the 75.4% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0749 (closing of yesterday's daily candle) to test 1.0710, the historical support level (blue dotted line). Upon testing this level, an upward movement is possible with a target of 1.0785, the 75.4% pillback level (red dotted line).