Indicator analysis: Daily review of EUR/USD on August 3, 2023
August 3, 2023 8:24 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0897, the 85.4% pullback level (red dotted line). From this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;
Fibonacci levels – down;
Volumes – down;
Candlestick analysis – up;
Trend analysis – up;
Bollinger bands – down;
Weekly chart – up.
General conclusion:
Today, the price may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0897, the 85.4% pullback level (red dotted line). From this level, the price may move up.
Alternatively, the price may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0833, the 100% pullback level (red dotted line). From this level, the price may move up.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0897, the 85.4% pullback level (red dotted line). From this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0897, the 85.4% pullback level (red dotted line). From this level, the price may move up.
Alternatively, the price may move downward from the level of 1.0937 (closing of yesterday’s daily candle) to 1.0833, the 100% pullback level (red dotted line). From this level, the price may move up.
The material has been provided by InstaForex Company – www.instaforex.com
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