FX.co ★ EUR/USD Indicator Analysis on January 3, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0940 (closing of yesterday's daily candle) to 1.0974, the 85.4% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to the upper fractal at 1.1017 (red 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.

General conclusion: Today, the price may move upward from the level of 1.0940 (closing of yesterday's daily candle) to 1.0974, the 85.4% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to the upper fractal at 1.1017 (red dotted line).

Alternatively, the price may move upward from the level of 1.0940 (closing of yesterday's daily candle) to 1.0974, the 85.4% pullback level (red dotted line). In the case of testing this level, a downward movement is possible with a target of 1.0931, the 50% pullback level (yellow dotted line).