Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0165 (close of yesterday's daily candle) to the target of 1.0203, the 38.2% retracement level (red dotted line). After testing this level, the price may continue to move upward with the target of 1.0281, the 50.0% retracement level (red dotted line). Upon reaching this level, the price may move down.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – down;Weekly chart – up.General conclusion:
Today the price may move upward from the level of 1.0165 (close of yesterday's daily candle) to the target of 1.0203, the 38.2% retracement level (red dotted line). After testing this level, the price may continue to move upward with the target of 1.0281, the 50.0% retracement level (red dotted line). Upon reaching this level, the price may move down.
Alternative scenario: from the level of 1.0165 (close of yesterday's daily candle), the price may move upward with the target of 1.0203, the 38.2% retracement level (red dotted line). After testing this level, a downward movement is possible with the target of 1.0114, the 50.0% retracement level (blue dotted line). Upon reaching this level, the price may move up.