Trend analysis (Fig. 1)
EUR/USD may attempt to move up this Friday, from the closing of yesterday's daily candle at 1.0016 to the 14.6% retracement level at 1.0048 (red dotted line). Then, it will go to the 23.6% retracement level at 1.0107 (red dotted line), before going down again.
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - downtrend
Bollinger bands - downtrend
Weekly chart - downtrend
Conclusion: EUR/USD will rise from 1.0016 (closing of yesterday's daily candle) to 1.0048, which is the 14.6% retracement level (red dotted line). Then, it will move to the 23.6% retracement level at 1.0107 (red dotted line), before going down again.
Alternatively, the pair could climb from 1.0016 (closing of yesterday's daily candle) to the 14.6% retracement level at 1.0048 (red dotted line), then move down to the lower fractal at 0.9952 (red dotted line). It will return to the 14.6% retracement level at 1.0048 (red dotted line) afterward.
