Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0693 (closing of Friday's daily candle) to 1.0732, the 38.2% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0746, the 61.8% pullback level (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 - down;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.0693 (closing of Friday's daily candle) to 1.0732, the 38.2% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0746, the 61.8% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0693 (closing of Friday's daily candle) to 0732, the 38.2% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0679, the 23.6% pullback level (yellow dotted line).
