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Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0184 (close of Friday's daily candle) to test 1.0281, the 50% retracement level (red dotted line). After testing this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today the price may move upward from the level of 1.0184 (close of Friday's daily candle) to test 1.0281, the 50% retracement level (red dotted line). After testing this level, the price may continue to move up.
Alternative scenario: from the level of 1.0184 (close of Friday's daily candle), the price may move upward to test 1.0215, the 21-period EMA (thin black line). After testing this level, a downward movement is possible with the target of 1.0123, the 50.0% retracement level (blue dotted line). Upon reaching this level, the price may move upward with the target of 1.0204, the 38.2% retracement level (red dotted line).
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