Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0721 (closing of yesterday's daily candle) to test 1.0756, the 23.6% pullback level (red dotted line). From this level, continued upward movement is possible to 1.0807, the 38.2% pullback level (red dotted line). When testing this level, the price may move downward.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.0721 (closing of yesterday's daily candle) to test 1.0756, the 23.6% pullback level (red dotted line). From this level, continued upward movement is possible to 1.0807, the 38.2% pullback level (red dotted line). When testing this level, the price may move downward.
Alternatively, the price may move upward from the level of 1.0721 (closing of yesterday's daily candle) to test 1.0756, the 23.6% pullback level (red dotted line). When testing this level, the price may move downward to 1.0655, the lower fractal (red dotted line).
