Trend analysis (Fig. 1)
EUR/USD may continue to move upward from the level of 1.0564 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0603 (blue dashed line). Upon reaching this price, the pair will go towards the 13 EMA at 1.0624 (yellow thin line).
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - downtrend
Weekly chart - uptrend
Conclusion: GBP/USD will rise from the level of 1.0564 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0603 (blue dashed line), and then head towards the 13 EMA at 1.0624 (yellow thin line).
Alternatively, the pair may continue to climb up from the level of 1.0564 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0603 (blue dashed line), followed by a decline to the 5 EMA at (red thin line).
