Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0897 (closing of yesterday's daily candle) to 1.0883, the 14.6% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0917, the 50% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may move downward from the level of 1.0897 (closing of yesterday's daily candle) to 1.0883, the 14.6% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0917, the 50% pullback level (red dotted line).
Alternatively, from the level of 1.0897 (closing of yesterday's daily candle), the price may move downwards to 1.0874, the 5-period EMA (red thin line). Upon reaching this level, an upward movement is possible to 1.0917, the 50% pullback level (red dotted line).