FX.co ★ Indicator analysis. Daily review for the EUR/USD currency pair on February 11, 2021

Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2117 (closing of yesterday's daily candle) may continue to move up with the target of 1.2176 - the resistance level (the blue bold line). When testing this level, it is possible to continue working upwards with the target of 1.2234 - the historical resistance level (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up
• Fibonacci levels - up
• Volumes - up
• Candlestick analysis - down
• Trend analysis - up
• Bollinger bands - up
• Weekly chart - up

General conclusion:

Today, the market from the level of 1.22117 (closing of yesterday's daily candle) may continue to move up with the target of 1.2176 - the resistance level (the blue bold line). When testing this level, it is possible to continue working upwards with the target of 1.2274 - the 85.4% retracement level (yellow dotted line).

Unlikely scenario: from the level of 1.2117 (closing of yesterday's daily candle), the pair may continue to move up with the target of 1.2144 - the upper fractal (daily candle from 02/10/2021). When testing this level, it is possible to work downwards with a target of 1.2063 - the 38.2% retracement level (red dotted line).