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Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0878 (closing of yesterday's daily candle) with the target of 1.0867, the 38.2% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0930, the historical resistance level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.0878 (closing of yesterday's daily candle) with the target of 1.0867, the 38.2% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0930, the historical resistance level (blue dotted line).
Alternatively, the price may move downward from the level of 1.0878 (closing of yesterday's daily candle) with the target of 1.0835, the lower fractal (daily candle of 06/30/2023). Upon reaching this level, an upward movement is possible with the target of 1.0934, the upper fractal (daily candle from 07/03/2023).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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