Indicator analysis: Daily review of EUR/USD on July 7, 2023
July 7, 2023 8:27 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move up.
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 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move up.
Alternatively, the price may move upward from the level of 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move down.
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 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move up.
Alternatively, the price may move upward from the level of 1.0888 (closing of yesterday’s daily candle) to 1.0930, the historical resistance level (blue dotted line). When testing this level, the price may move down.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: