Trend analysis (Fig. 1).

The euro-dollar pair may move up from 1.2258 (close of Friday's daily candle) to the target of 1.2320, the 14.6% retracement level (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.2423, the 23.6% retracement level (red dotted line). When testing this level, a downward pullback is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – up;
• Fibonacci levels – up;
• Volumes – down;
• Candlestick analysis – up;
• Trend analysis – down;
• Bollinger bands – down;
• Weekly chart – up.

Today, the price may move up from 1.2258 (close of Friday's daily candle) to the target of 1.2320, the 14.6% retracement level (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.2423, the 23.6% retracement level (red dotted line). When testing this level, a downward pullback is possible.