Trend analysis (Fig. 1)
EUR/USD may attempt to move up this Friday, from the closing of yesterday's daily candle at 1.0831 to the 23.6% retracement level at 1.0857 (red dotted line). After that it will go to the 38.2% retracement level at 1.0920 (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 rise from 1.0831 (closing of yesterday's daily candle) to 1.0857, which is the 23.6% retracement level (red dotted line). Then, it will move to 1.0920, the 38.2% retracement level (red dotted line).
Alternatively, the pair could go up from 1.0831 (closing of yesterday's daily candle) to the 23.6% retracement level at 1.0857 (red dotted line), then fall down to the support line at 1.0816 (blue thick line).
