Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 0.9702 (closing of yesterday's daily candle) to test 0.9854, the 38.2% retracement level (blue dotted line). Upon reaching this level, a downward movement is possible to 0.9822, the 38.2% retracement level (red dotted line). From this level, the price may move up.
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:
The price may move upward from the level of 0.9702 (closing of yesterday's daily candle) to test 0.9854, the 38.2% retracement level (blue dotted line). Upon reaching this level, a downward movement is possible to 0.9822, the 38.2% retracement level (red dotted line). From this level, the price may move up.
Alternatively, the price may move downward from the level of 0.9702 (closing of yesterday's daily candle) to test 0.9645, the 76.4% retracement level (red dotted line). Upon reaching this level, the price may move up.