FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on May 18, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may continue to work upward, with the target at 1.2229 - the upper border of the Bollinger line indicator (black dashed line). Upon reaching this line, rolling downward work is possible.

Figure 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 from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may continue to work upward, with the target at 1.2229 - the upper border of the Bollinger line indicator (black dashed line). Upon reaching this line, rolling downward work is possible.

Alternative scenario: the price from the level of 1.2148 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.2181 - the upper fractal (red dotted line). After testing this level, the price may start working downward, with the target at 1.2111 - the 14.6% retracement level (red dashed line). And upon testing this level, it may continue to work downward, with the target at 1.2090 - the support line (blue bold line). When this line is reached, further work upward is possible.