FX.co ★ Indicator analysis: Daily review on EUR / USD on January 3, 2020

Trend analysis (Fig. 1).

On Friday, the price can continue to move down with the first target of 1.1140, the retracement level of 38.2% presented in a red dashed line. If this level is reached, resumption of upward movement with the first goal of 1.1166 is possible, this is the historical resistance level presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

A downtrend is possible on Friday.

An unlikely scenario: from 1.1140 - a retracement level of 38.2% (red dashed line) the price will go down to a retracement level of 50.0% - 1.1110 (red dashed line).