Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0555 (close of Friday's daily candle) to the upper fractal 1.0605 (red dotted line). After testing this level, the price may continue to move upward with the target of 1.0623, the 61.8% retracement level (yellow dotted line).
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 upward from the level of 1.0555 (close of Friday's daily candle) to the upper fractal 1.0605 (red dotted line). After testing this level, the price may continue to move upward with the target of 1.0623, the 61.8% retracement level (yellow dotted line).
Alternative scenario: from the level of 1.0555 (close of Friday's daily candle), the price may move upward with the target of 1.0573, the 50% retracement level (yellow dotted line). When testing this level, the price may move down to the support level of 1.0531 (thick blue line). After testing this level, an upward movement is possible with the target of 1.0573, the 50.0% retracement level (yellow dotted line).