FX.co ★ Indicator analysis. Daily review on EUR / USD for July 8, 2020

Trend analysis (Fig. 1).

Today, an upward pullback is possible from the level of 1.1276 (closing of yesterday's candle) with the target at the resistance line 1.1330 (white bold line). If this is achieved, the upward trend may continue with the next target at the historical resistance level of 1.1398 (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - neutral;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - up.

General conclusion:

Today, the price may begin to move upward with the target at the resistance line 1.1330 (white bold line). If this is achieved, the upward trend may continue with the next target at the historical resistance level of 1.1398 (blue dashed line).

Another possible scenario is a downward trend from the resistance line 1.1330 (white bold line) with a target at 1.1278 - a 38.2% pullback level (blue dashed line).