FX.co ★ Indicator analysis: Daily review of EUR/USD on July 3, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0909 (closing of Friday's daily candle) with the target at 1.0867, the 38.2% pullback level (blue dotted line). When testing this level, an upward movement is possible with the target of 1.0919, the 61.8% 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 - up;
• Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.0909 (closing of Friday's daily candle) with the target at 1.0867, the 38.2% pullback level (blue dotted line). When testing this level, an upward movement is possible with the target of 1.0919, the 61.8% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0909 (closing of Friday's daily candle) with the target at 1.0845, the lower limit of the Bollinger band indicator (black dotted line). When testing this level, the price may continue to move upwards with the target of 1.0919, the 61.8% pullback level (red dotted line).