Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0263 (close of yesterday's daily candle) to 1.0289, the 14.6% retracement level (red dotted line). In case of testing this level, the price may continue to move upward with the target of 1.0324, the 23.6% retracement level (red dotted line). From this level, a downward movement is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – down;Weekly chart – down;Bollinger Bands – up.General conclusion:
Today the price may move upward from the level of 1.0263 (close of yesterday's daily candle) to 1.0289, the 14.6% retracement level (red dotted line). In case of testing this level, the price may continue to move upward with the target of 1.0324, the 23.6% retracement level (red dotted line). From this level, a downward movement is possible.
Alternative scenario: from the level of 1.0263 (close of yesterday's daily candle), the price may move upward with the target of 1.0289, the 14.6% retracement level (red dotted line). After testing this level, a downward movement is possible with the target of 1.0235, the lower fractal (red dotted line). Upon reaching this level, the price may move up.