Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0222 (close of Friday's daily candle) to test 1.0281, the 50% retracement level (red dotted line). After testing this level, the price may continue moving 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 the level of 1.0222 (close of Friday's daily candle) to test 1.0281, the 50% retracement level (red dotted line). After testing this level, the price may continue moving up.
Alternative scenario: from the level of 1.0222 (close of Friday's daily candle), the price may move upward to test 1.0227, the 21-period EMA (thin black line). After testing this level, a downward movement is possible with the target of 1.0153, the 38.2% retracement level (blue dotted line). Upon reaching this level, the price may move upward with the target of 1.0204, 38.2% retracement level (red dotted line).
