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08.08.2025 10:25 AM
EUR/USD. Indicator analysis on August 8, 2025

Trend analysis (Fig. 1).

On Friday, from the level of 1.1664 (yesterday's daily candle close), the market may start moving downward toward 1.1626 — the 23.6% retracement level (blue dashed line). Upon testing this level, the price may resume upward movement toward 1.1698 — the upper fractal (blue dashed line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – down;
  • Trend analysis – down;
  • Bollinger Bands – down;
  • Weekly chart – down.

Overall conclusion: Downward trend.

Alternative scenario: Today, from the level of 1.1664 (yesterday's daily candle close), the price may start moving downward toward 1.1618 — the 21-period EMA (thin black line). Upon testing this line, a retracement upward toward 1.1698 — the upper fractal (blue dashed line) — is possible.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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