Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 0.9824 (close of yesterday's daily candle) to 0.9875, the 50.0% retracement level (white dotted line). When testing this level, continued upward movement is possible to 0.9950, the 61.8% retracement level (white dotted line). From this level, the price may move downward with the target of 0.9863, the 21-period EMA (black thin line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion:
Today the price may move upward from the level of 0.9824 (close of yesterday's daily candle) to 0.9875, the 50.0% retracement level (white dotted line). When testing this level, continued upward movement is possible to 0.9950, the 61.8% retracement level (white dotted line). From this level, the price may move downward with the target of 0.9863, the 21-period EMA (black thin line).
Alternatively, the price may move upward from the level of 0.9824 (close of yesterday's daily candle) to the target of 0.9875, the 50.0% retracement level (white dotted line). When testing this level, the price may move downward to 0.9807, the 14.6% retracement level (red dotted line). In the case of testing this level, an upward movement is possible.