Trend analysis (Fig. 1).
The EUR/USD pair may move upward from the level of 1.1724 (closing of yesterday's daily candle) with the target of 1.1749 - the 23.6% retracement level (yellow dashed line). After a test of this level, the price may continue to move upward with the target of 1.1779 - the 38.2% retracement level (yellow dashed line).
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.1724 (closing of yesterday's daily candle) with the target of 1.1749 - the 23.6% retracement level (yellow dashed line). After a test of this level, the price may continue to move upward with the target of 1.1779 - the 38.2% retracement level (yellow dashed line).
Unlikely scenario: the price may move downward from the level of 1.1724 (closing of yesterday's daily candle) with the target at 1.1699 - the 85.4% retracement level (red dotted line). After a test of this level, the price may continue to move upward with the target at 1.1730 - the 14.6% retracement level (yellow dashed line).
