Trend analysis (Fig. 1).
The euro-dollar pair may move up from 1.0434 (close of yesterday's daily candle) to 1.0460, the 38.2% retracement level (red dotted line). When testing this level, the price may continue to move up to 1.0495, the 50% retracement level (red dotted line). A downward pullback is possible from this level.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion:Today, the price may move up from 1.0434 (close of yesterday's daily candle) to 1.0460, the 38.2% retracement level (red dotted line). When testing this level, the price may continue to move up to 1.0495, the 50% retracement level (red dotted line). A downward pullback is possible from this level.
Alternative scenario: from 1.0434 (close of yesterday's daily candle), the price may move up to 1.0460, the 38.2% retracement level (red dotted line). When testing this level, the price may move down to the lower fractal 1.0349 (red dotted line). From this level, the price may move up.