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Trend analysis (Fig. 1).
The euro-dollar pair may move down from the level of 1.0689 (close of yesterday's daily candle) to 1.0646, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move upward to the upper fractal 1.0697 (yellow dotted line). From this level, the upward movement may continue.
Fig. 1 (daily chart).
Comprehensive analysis:
Today the price may move down from the level of 1.0689 (close of yesterday's daily candle) to 1.0646, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move upward to the upper fractal 1.0697 (yellow dotted line). From this level, the upward movement may continue.
Alternative scenario: from the level of 1.0689 (close of yesterday's daily candle), the price may move downward to 1.0615, the 23.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper fractal 1.0697 (yellow dotted line).InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.