Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0691 (closing of yesterday's daily candle) to test the lower fractal at 1.0654 (daily candle from 18/09/2023). Upon testing this level, an upward movement is possible with a target of 1.0728, the 85.4% 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 1.0691 (closing of yesterday's daily candle) to test the lower fractal at 1.0654 (daily candle from 18/09/2023). Upon testing this level, an upward movement is possible with a target of 1.0728, the 85.4% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.0691 (closing of yesterday's daily candle) to test the historical support level at 1.07107 (blue dotted line). Upon testing this level, a continued upward movement is possible with a target of 1.0728, the 85.4% pullback level (red dotted line).