FX.co ★ Indicator analysis. Daily review of EUR / USD on February 19, 2020

Trend analysis (Fig. 1).

The market may begin to move up today with the target of 1.0853, 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 - down;

- Weekly schedule - down.

General conclusion:

Today we expect a retreating upward movement with the target of 1.0853, the retracement level of 14.6% (red dotted line).

An unlikely but possible scenario is from the lower fractal 1.0787 (red dashed line), continued downward movement with the goal of 1.0664, the retracement level of 85.4% (yellow dashed line).