Trend analysis (Fig. 1).
The euro-dollar pair may move upward from 1.0581 (close of yesterday's daily candle) to 1.0623, the 61.8% retracement level (yellow dotted line). When testing this level, a downward pullback is possible to 1.0577, the 14.6% retracement level (red dotted line). From this level, the price may move up.
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.
General conclusion:
Today the price may move upward from 1.0581 (close of yesterday's daily candle) to 1.0623, the 61.8% retracement level (yellow dotted line). When testing this level, a downward pullback is possible to 1.0577, the 14.6% retracement level (red dotted line). From this level, the price may move up.
Alternative scenario: from the level of 1.0581 (close of yesterday's daily candle), the price may move upward to the upper fractal at 1.0614 (red dotted line). When testing this level, continued upward movement is possible to 1.0685, the 76.4% retracement level (yellow dotted line).
