FX.co ★ EUR/USD. Indicator Analysis and Daily Review on August 6, 2025

Trend Analysis (Fig. 1)

On Wednesday, from the 1.1574 level (yesterday's daily candle close), the market may continue moving upward toward the target at 1.1611 — the 76.4% retracement level (red dashed line). If this level is tested, the price may continue rising toward the 1.1640 target — the 61.8% retracement level (yellow dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – upward
• Fibonacci levels – upward
• Volume – upward
• Candlestick analysis – downward
• Trend analysis – upward
• Bollinger Bands – upward
• Weekly chart – upward

Overall conclusion: upward trend.

Alternative scenario: From the 1.1574 level (yesterday's daily candle close), the price may continue moving upward toward the 76.4% retracement level at 1.1611 (red dashed line). Upon testing this level, the price may pull back downward to 1.1594 — the 50% retracement level (yellow dashed line).