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Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0835 (closing of yesterday's daily candle) to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a continued upward movement is possible to the 38.2% pullback level at 1.0870 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move upward from the level of 1.0835 (closing of yesterday's daily candle) to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a continued upward movement is possible to the 38.2% pullback level at 1.0870 (yellow dotted line).
Alternatively, from the level of 1.0835 (closing of yesterday's daily candle), the price may move upward to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a downward movement is possible to the 23.6% pullback level at 1.0844 (yellow dotted line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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