FX.co ★ Indicator analysis. Daily review on EUR/USD for April 17, 2020

Trend analysis (Fig. 1).

Today, the pair may continue a bearish trend from the level of 1.0842 (closing of yesterday's candle) with the first target at 1.0802, an 85.4% retracement level (presented in a blue dotted line). When this level is broken downward, the price will continue to move down with the target of 1.0769, the lower fractal (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 - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price will continue trading downward with the target of 1.0802, an 85.4% pullback level (presented in a blue dashed line).

Another possible scenario is a bullish reversal from a retracement level of 76.4% - 1.0822 (blue dashed line) with a target of 1.0913, a 38.2% retracement level (presented in a red dashed line).