FX.co ★ Indicator analysis: Daily review on EUR / USD on January 7, 2020

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first target of 1.1209, a retracement level of 61.8% presented in a blue dashed line. If this level is achieved, the next target is at 1.1241, the upper fractal presented in a red dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - down;

- Candlestick analysis - neutral;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

An upward trend is possible today.

An unlikely scenario is possible, where, from yesterday's close of the daily candle at 1.1199, the price will go down to the pullback level of 38.2% which is at 1.1142 presented in a red dotted line.