Trend analysis (Fig. 1).
The euro-dollar pair may move downward from the level of 0.9979 (close of yesterday's daily candle) to test 0.9942, the 76.4% retracement level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0060, the 38.2% retracement level (white dotted line). From this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – down;Weekly chart – up.General conclusion:
Today, the price may move downward from the level of 0.9979 (close of yesterday's daily candle) to test 0.9942, the 76.4% retracement level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0060, the 38.2% retracement level (white dotted line). From this level, the price may continue to move up.
Alternative scenario: from the level of 0.9979 (close of yesterday's daily candle), the price may move downward to test 0.9912, the 85.4% retracement level (red dotted line). Upon reaching this level, an upward movement is possible to 0.9982, the 23.6% retracement level (white dotted line). From this level, the price may continue to move up.