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Trend analysis (Fig. 1).
The euro-dollar pair may move up from 1.0729 (close of yesterday's daily candle) to the historical resistance level at 1.0760 (blue dotted line). After testing this level, the price may move down to the support level at 1.0713 (thick white line). Upon reaching this level, the price may move up.
Fig. 1 (daily chart).
Comprehensive analysis:
Today, the price may move up from 1.0729 (close of yesterday's daily candle) to the historical resistance level at 1.0760 (blue dotted line). After testing this level, the price may move down to the support level at 1.0713 (thick white line). Upon reaching this level, the price may move up.
Alternative scenario: from the level of 1.0729 (close of yesterday's daily candle), the price may move upward to 1.0797, the 76.4% retracement level (red dotted line). After testing this level, continued upward movement is possible with the target of 1.0850, the 85.4% retracement level (red dotted line).¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.