Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0603 (closing of yesterday's daily candle) to the upper fractal at 1.0658 (thick white line). From this level, continued upward movement is possible to the upper fractal at 1.0736 (blue dotted line).
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 1.0603 (closing of yesterday's daily candle) to the upper fractal at 1.0658 (thick white line). From this level, continued upward movement is possible to the upper fractal at 1.0736 (blue dotted line).
Alternatively, the price may move upward from the level of 1.0603 (closing of yesterday's daily candle) to the upper fractal at 1.0658 (thick white line). From this level, a downward movement is possible to 1.0560, the 14.6% retracement level (blue dotted line).
