FX.co ★ Indicator analysis: Daily review on EUR / USD on February 10, 2020

The pair continued to move down on Friday, breaking the support line of the downward channel 1.0960 (red bold line), and the news played a significant role in this. Today, strong calendar news is not expected. The price may roll back up.

Trend analysis (Fig. 1).

Today, a retraceable upward movement is possible with the target of 1.0986, the retracement level of 14.6% (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - down.

General conclusion:

Today, a retracement upward movement is expected with the target of 1.0986, the retracement level of 14.6% (red dashed line).

An unlikely but possible scenario is from the resistance line 1.0956 (red bold line), the price will go down to the lower fractal 1.0880 (blue dashed line).