FX.co ★ Indicator analysis: Daily review on EUR/USD for January 14, 2020

Trend analysis (Fig. 1).

The price may continue to move up today with the first goal of a pullback level of 50.0% which is equivalent to 1.1164 presented in a blue dotted line. Upon reaching this line, the next target will be a pullback level of 61.8% which is at 1.1182 presented in a blue dotted line.

Fig. 1 (daily chart).

Complex analysis:

- Indicator analysis-up;

- Fibonacci levels-up;

- Volumes-up;

- Candle analysis-up;

- Trend analysis-up;

- Bollinger lines-up;

- Weekly chart - the up.

General conclusion:

An upward trend is possible today.

An unlikely scenario is from the pullback level of 38.2% which is equivalent to 1.1146 presented in a blue dotted line, the price goes down to the support line 1.1091 presented in a white bold line.