The euro-dollar pair may move upward from 1.0494 (close of Friday's daily candle) to the target of 1.0573, the 50% retracement level (yellow dotted line). After testing this level, the price may continue to move upward with the target of 1.0623, the 61.8% retracement level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – up;
- Trend analysis – up;
- Bollinger bands – up;
- Weekly chart – up.
Today, the price may move upward from the level of 1.0494 (close of Friday's daily candle) to the target of 1.0573, the 50% retracement level (yellow dotted line). After testing this level, the price may continue to move upward with the target of 1.0623, the 61.8% retracement level (yellow dotted line).
Alternative scenario: from the level of 1.0494 (close of Friday's daily candle), the price may move down with the target of 1.0451, the 61.8% retracement level (red dotted line). After testing this level, an upward movement is possible with the target of 1.0522, the 38.2% retracement level (yellow dotted line).
