Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0770 (closing of yesterday's daily candle) to test 1.0783, the 14.6% pullback level (red dotted line), and after that, a continued upward movement is possible with a target of 1.0821, the 23.6% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – down;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.0770 (closing of yesterday's daily candle) to test 1.0783, the 14.6% pullback level (red dotted line), and after that, a continued upward movement is possible with a target of 1.0821, the 23.6% pullback level (red dotted line).
Alternatively, from the level of 1.0770 (closing of yesterday's daily candle), the price may move upward to test the 14.6% pullback level at 1.0783 (red dotted line). From here, a downward movement is possible to 1.0723, the historical support level (blue dotted line). In the case of testing this level, the price may move up.