Trend analysis (Fig. 1)
EUR/USD may start moving upward from the level of 1.0886 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0944 (yellow dashed line). Upon reaching this price, it may go further to higher price levels.
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Candlestick analysis - downtrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: EUR/USD will rise from the level of 1.0886 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0944 (yellow dashed line). After that, it may go further to higher price levels.
Alternatively, the pair may climb up from the level of 1.0886 (closing of yesterday's daily candle) to the 14.6% retracement level of 1.0944 (yellow dashed line), followed by a decline to the 50% retracement level of 1.0861 (blue dashed line)
