FX.co ★ Indicator analysis. Daily review on EUR / USD for April 27, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from the level of 1.0824 (closing of the Friday afternoon candle) with the first target at 1.0860 - a 50.0% pullback level (presented in a blue dashed line). When this level is broken up, the price may continue to move upward with the target of 1.0892 - a 61.8% retracement level (presented in a blue dashed line). Upon reaching this level, the price is most likely to roll back down.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

Today the price may continue to move upward with the target at 1.0892 - a 61.8% retracement level (presented in a blue dashed line).

Another possible scenario is a bullish trend from 1.0860 - a 50.0% pullback level (presented in a blue dashed line) with a target of 1.0804 - an 85.4% pullback level (presented in a red dashed line).