13.03.2023 09:50 AMTrend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0641 (closing of Friday's daily candle) to 1.0746, the 61.8% pullback level (blue dotted line). When testing this level, the price may continue to move upward with the target at 1.0778, the 50.0% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0641 (closing of Friday's daily candle) to 1.0746, the 61.8% pullback level (blue dotted line). When testing this level, the price may continue to move upward with the target at 1.0778, the 50.0% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.0641 (closing of Friday's daily candle) to 1.0746, the 61.8% pullback level (blue dotted line). When testing this level, the price may move downward with the target at 1.0696, the historical support level (blue dotted line).
