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Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, a downward pullback is possible to 1.0369, the 14.6% retracement level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, a downward pullback is possible to 1.0369, the 14.6% retracement level (blue dotted line).
Alternatively, the price may move upward from the level of 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, continued upward movement is possible to 1.0598, the historical resistance level (blue dotted line).
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