Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible to 1.0650, the 23.6% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - down;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible to 1.0650, the 23.6% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with the target at the 1.0563 support level (thick blue line).
