Trend analysis (Fig. 1).
The euro-dollar pair may move up from the level of 1.0636 (close of yesterday's daily candle) to the target of 1.0716, the 14.6% retracement level (red dotted line). After testing this level, the price may continue to move up with the target of 1.0765, the 23.6% retracement level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – down;Weekly chart – up.General conclusion:Today, the price may move up from the level of 1.0636 (close of yesterday's daily candle) to the target of 1.0716, the 14.6% retracement level (red dotted line). After testing this level, the price may continue to move up with the target of 1.0765, the 23.6% retracement level (red dotted line).
Alternative scenario: from the level of 1.0636 (close of yesterday's daily candle), the price may continue to move downward to the support level 1.0597 (thick red line). After testing this level, the price may move up to the lower fractal at 1.0635 (red dotted line). After testing this level, the price may continue to move up with the target of 1.0716, the 14.6% retracement level (red dotted line).