Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0875, the 38.2% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0861, the 50% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.Today, the price may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0875, the 38.2% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0861, the 50% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0820 (closing of Friday's daily candlestick) to 1.0861, the 50% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0836, the historical support level (blue dotted line).