Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). Upon testing this level, a continued upward movement is possible to the upper fractal at 1.0756 (daily candle from 06/11/2023).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Volumes – up;Candlestick analysis - upTrend analysis - up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). Upon testing this level, a continued upward movement is possible to the upper fractal at 1.0756 (daily candle from 06/11/2023).
Alternatively, the price may move upward from the level of 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). After that, a downward movement is possible to 1.0681, the 8-day EMA (blue thin line).