Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0793 (closing of Friday’s daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback level (blue 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.

Today, the price may move upward from the level of 1.0793 (closing of Friday’s daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback level (blue dotted line).

Alternatively, from the level of 1.0793 (closing of Friday’s daily candle), the price may move upward to 1.0837, the 50% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible to 1.0818, the 23.6% pullback level (yellow dotted line).

The material has been provided by InstaForex Company – www.instaforex.comTrend analysis (Fig. 1).The EUR/USD currency pair may move upward from the level of 1.0793 (closing of Friday’s daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback level (blue 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.Today, the price may move upward from the level of 1.0793 (closing of Friday’s daily candle) to 1.0818, the 23.6% pullback level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0804, the 61.8% pullback level (blue dotted line).Alternatively, from the level of 1.0793 (closing of Friday’s daily candle), the price may move upward to 1.0837, the 50% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible to 1.0818, the 23.6% pullback level (yellow dotted line).The material has been provided by InstaForex Company – www.instaforex.com  Read More 

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