Indicator analysis: Daily review of EUR/USD on July 10, 2023
July 10, 2023 8:29 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a continued upward movement is possible with the target of 1.1011, the upper fractal (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 – up;
Weekly chart – up.
General conclusion:
Today, the price may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a continued upward movement is possible with the target of 1.1011, the upper fractal (blue dotted line).
Alternatively, the price may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0957, the 14.6% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a continued upward movement is possible with the target of 1.1011, the upper fractal (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a continued upward movement is possible with the target of 1.1011, the upper fractal (blue dotted line).
Alternatively, the price may move upward from the level of 1.0965 (closing of Friday’s daily candle) with the target of 1.0986, the 76.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0957, the 14.6% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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