Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). When testing this level, a downward pullback is possible.
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 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). When testing this level, a downward pullback is possible.
Alternatively, the price may move upward from the level of 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.0598, the historical resistance level (blue dotted line).
