06.08.202517:03 Forex Analysis & Reviews: EUR/USD. Indicator Analysis and Daily Review on August 6, 2025

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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).

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