FX.co ★ Indicator analysis. Daily review on EUR / USD for July 31, 2020

Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.1849 (closing of yesterday's daily candle) with the target at 1.2103 - a 76.4% pullback level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today the price may continue to move upward with the target at 1.2103 - a 76.4% pullback level (blue dotted line).

Another possible scenario is an upward movement to the upper border of the Bollinger line indicator 1.1990 (purple dashed line). From this level, a downward pullback is possible with the target at 1.1871 - a 14.6% pullback level (red dotted line).