Trend Analysis (Fig. 1)
Today, EUR/USD may continue to fall from the level of 1.0895 (yesterday's daily candle close), aiming for 1.0881 – the 23.6% retracement level (red dashed line). Upon testing this level, the price may rise, with 1.0948 – the upper fractal (blue dashed line) as the target.
Fig. 1 (daily chart)
Comprehensive Analysis:
Indicator Analysis – down;Fibonacci Levels – down;Candlestick Analysis – down;Trend Analysis – up;Bollinger Bands – up;Weekly Chart – up.General Conclusion:
Today, the price may continue to fall from the level of 1.0895 (yesterday's daily candle close), as it aims for 1.0881 – the 23.6% retracement level (red dashed line). Upon testing this level, an upward movement is possible with the target of 1.0948 – the upper fractal (blue dashed line).
Alternative Scenario: Today, the price may continue to fall from the level of 1.0895 (yesterday's daily candle close), as it aims for 1.0860 – the 13 EMA (thin yellow line). Upon testing this line, an upward movement is possible with the target of 1.0948 – the upper fractal (blue dashed line).