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04.03.2024 09:39 AMTrend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0838 (closing of Friday's daily candlestick) to 1.0864, the 38.2% pullback level (red dotted line). In the case of testing this level, a downward movement is possible to 1.0842, the 76.4% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Today, the price may move upward from the level of 1.0838 (closing of Friday's daily candlestick) to 1.0864, the 38.2% pullback level (red dotted line). In the case of testing this level, a downward movement is possible to 1.0842, the 76.4% pullback level (blue dotted line).
Alternatively, from the level of 1.0838 (closing of Friday's daily candlestick), the price may move upward to 1.0864, the 38.2% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to the upper fractal at 1.0888 (blue dotted line).
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