FX.co ★ Indicator analysis. Daily review on EUR / USD for July 30, 2020

Trend analysis (Fig. 1).

The market may begin to move downward from the level of 1.1793 (closing of yesterday's daily candle) with the target of 1.1714 - a 14.6% pullback level (red dotted line). From this level, there is a possibility that the price may continue to move downward with the next target at 1.1657 - a 23.6% pullback level (red dotted 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 chart - down.

General conclusion:

Today the market may begin to move downward from the level of 1.1793 (closing of yesterday's daily candle) with the target of 1.1714 - a 14.6% pullback level (red dotted line). From this level, there is a possibility that the price may continue to move downward with the next target at 1.1657 - a 23.6% pullback level (red dotted line).

Another possible scenario is, after testing 1.1714 - a 14.6% pullback level (red dotted line) the price may begin to move upward with the target at the upper fractal 1.1807 (red dotted line).