Trend analysis (Fig. 1)
EUR/USD is likely to continue moving upwards on Wednesday, starting from the closing of yesterday's daily candle at 1.0638 to the upper fractal at 1.0735 (blue dotted line). Upon reaching this level, the pair will pullback to the support level of 1.0656 (thick white line), then resume climbing upwards.
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Volumes - uptrend
Candlestick analysis - downtrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: EUR/USD will rise from 1.0638 (closing of yesterday's daily candle) to 1.0735, which is the upper fractal (blue dotted line), go down to the support level of 1.0656 (thick white line), then resume climbing upwards.
Alternatively, the pair could fall from 1.0638 (closing of yesterday's daily candle) to the 14.6% retracement level at 1.0560 (blue dotted line), followed by a move upwards.
