Trend analysis (Fig. 1)
EUR/USD is likely to rally on Friday, from 1.1453 (closing of yesterday's daily candle) to 1.1498, which is the 61.8% retracement level (blue dashed line). After that it will go to the 14.6% retracement level at 1.1438 (red dotted line).
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: EUR/USD will move up from 1.1453 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1498 (blue dashed line). Then, it will go to 1.1438, which is the 14.6% retracement level (red dotted line).
Alternatively, the pair could move from 1.1453 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1498 (blue dashed line), then climb further to 1.1572, which is the 76.4% retracement level (blue dashed line).
