Indicator Analysis of EUR/USD on January 10, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0930 (closing of yesterday's daily candle) to 1.0904, the 61.8% pullback level (red dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0973, the 85.4% pullback level (red 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 1.0930 (closing of yesterday's daily candle) to 1.0904, the 61.8% pullback level (red dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0973, the 85.4% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0930 (closing of yesterday's daily candle) to 1.0882, the 61.8% pullback level (yellow dotted line). In the case of testing this level, an upward movement is possible with a target of 1.0947, the 76.4% pullback level (red dotted line).