Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0576 (closing of yesterday's daily candle) to 1.0588, the 21-period EMA (black thin line). Upon reaching this level, a continued upward movement is possible with a target at 1.0643, 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 1.0576 (closing of yesterday's daily candle) to 1.0588, the 21-period EMA (black thin line). Upon reaching this level, a continued upward movement is possible with a target at 1.0643, the 23.6% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0576 (closing of yesterday's daily candle) to 1.0588, the 21-period EMA (black thin line). Upon reaching this level, a downward movement is possible with a target at 1.0533, the lower fractal (daily candle from 17/10/2023).