FX.co ★ Indicator analysis: Daily review of EUR/USD on July 6, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0853 (closing of yesterday's daily candle) to 1.0823, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with the target of 1.0865, the 50.0% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - up;
• Candlestick analysis - down;
• Trend analysis - up;
• Bollinger bands - down;
• Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.0853 (closing of yesterday's daily candle) to 1.0823, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with the target of 1.0865, the 50.0% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0853 (closing of yesterday's daily candle) to 1.0810, the 38.2% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.0865, the 50.0% pullback level (red dotted line).