Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0729 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). When testing this level, a downward movement is possible to the 1.0659 support level (thick red line). Upon testing this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - 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 1.0729 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). When testing this level, a downward movement is possible to the 1.0659 support level (thick red line). Upon testing this level, the price may move up.
Alternatively, the price may move downward from the level of 1.0729 (closing of yesterday's daily candle) to the 1.0659 support level (thick red line). From this level, the price may move up.
