FX.co ★ Indicator analysis. Daily review on EUR / USD for May 22, 2020

Trend analysis (Fig. 1).

Today, the downward trend may continue from the level of 1.0952 (closing of yesterday's candle) with the target of 1.0917 - a 38.2% retracement level (presented in a red dashed line). From this level, the price may begin to move upward with the target at the upper fractal 1.1009 (presented in a red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may continue to move downwards with the target of 1.0917 - a 38.2% pullback level (presented in a red dashed line). From this level, upward movement is possible with the target at the upper fractal 1.1009 (presented in a red dashed line).

Another possible scenario is an upward trend from 1.0889 - a 50.0% pullback level (presented in a red dashed line) with the target at the upper fractal 1.1009 (presented in a red dashed line).