Trend analysis (Fig. 1).
Today, the euro-dollar pair may move upward from the level of 1.0644 (closing of Friday's daily candle) to the upper fractal at 1.0736 (blue dotted line). When testing this level, continued upward movement is possible to the upper fractal at 1.0772 (thick yellow 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 1.0644 (closing of Friday's daily candle) to the upper fractal at 1.0736 (blue dotted line). When testing this level, continued upward movement is possible to the upper fractal at 1.0772 (thick yellow line).
Alternatively, the price may move downward from the level of 1.0644 (closing of Friday's daily candle) to 1.0560, the 14.6% retracement level (blue dotted line). When testing this level, an upward movement is possible to the 1.0657 resistance level (thick red line).
