Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0339 (closing of yesterday's daily candle) to the upper fractal at 1.0496 (blue dotted line). Upon reaching this level, a downward movement is possible to 1.0383, the 14.6% retracement level (blue dotted line). When testing 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 the level of 1.0339 (closing of yesterday's daily candle) to the upper fractal at 1.0496 (blue dotted line). Upon reaching this level, a downward movement is possible to 1.0383, the 14.6% retracement level (blue dotted line). When testing this level, the price may move up.
Alternatively, the price may move upward from the level of 1.0339 (closing of yesterday's daily candle) to the upper fractal at 1.0496 (blue dotted line). Upon reaching this level, further upward movement is possible to 1.0598, the historical resistance level (blue dotted line).
