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Trend analysis (Fig. 1).
The euro-dollar pair may move upward from the level of 1.0516 (closing of yesterday's daily candle) to the upper fractal at 1.0614 (yellow dotted line). When testing this level, a downward pullback is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0516 (closing of yesterday's daily candle) to the upper fractal at 1.0614 (yellow dotted line). When testing this level, a downward pullback is possible.
Alternatively, the price may move upward from the level of 1.0516 (closing of yesterday's daily candle) to 1.0598, the historical resistance level (blue dotted line). Upon reaching this level, a downward pullback is possible to the upper fractal at 1.0533 (daily candle from 12/01/2022).
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