Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0503 (closing of yesterday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). From this level, a continued upward movement is possible with a target of 1.0642, the 23.6% 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 – down;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.0503 (closing of yesterday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). From this level, a continued upward movement is possible with a target of 1.0642, the 23.6% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0503 (closing of yesterday's daily candle) to 1.0568, the 14.6% pullback level (blue dotted line). From this level, the price may move downward with a target of 1.0531, the 8-period EMA (blue thin line).