Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0767 (closing of yesterday's daily candle) to 1.0788, the upper fractal (daily candle from 21/03/2023). Upon reaching this level, a downward movement is possible with the target of 1.0748, the 14.6% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger bands - down;
- Weekly chart - down.
General conclusion:
Today, the price may move upward from the level of 1.0767 (closing of yesterday's daily candle) to 1.0788, the upper fractal (daily candle from 21/03/2023). Upon reaching this level, a downward movement is possible with the target of 1.0748, the 14.6% pullback level (yellow dotted line).
Alternatively, the price may move downward from the level of 1.0767 (closing of yesterday's daily candle) to 1.0724, the 23.6% pullback level (yellow dotted line). Upon reaching this level, the price may move upward with the target of 1.0788, the upper fractal (yellow dotted line).
