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Trend analysis (Fig. 1).
The euro-dollar pair may move downward from 1.0519 (close of yesterday's daily candle) to the target of 1.0486, the 50% retracement level (red dotted line). After testing this level, the price may continue to move downward with the target of 1.0456, the 61.8% retracement (red dotted line). Upon reaching this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today the price may move downward from 1.0519 (close of yesterday's daily candle) to the target of 1.0486, the 50% retracement level (red dotted line). After testing this level, the price may continue to move downward with the target of 1.0456, the 61.8% retracement (red dotted line). Upon reaching this level, the price may move up.
Alternative scenario: from the level of 1.0519 (close of yesterday's daily candle), the price may move downward with the target of 1.0486, the 50% retracement level (red dotted line). After testing this level, an upward movement is possible with the target of 1.0522, the 38.2% retracement level (yellow dotted line). Upon reaching this level, the price may move up.
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