FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 22, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1917 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.1946 - the retracement level of 23.6% (blue dotted line). The price, having tested this level, may continue to work upward with the target of 1.2007 - the 38.2% retracement level (blue dashed line). And upon reaching this line, it is possible to roll back down.

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.1917 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.1946 - the retracement level of 23.6% (blue dotted line). The price, having tested this level, may continue to work upward with the target of 1.2007 - the 38.2% retracement level (blue dashed line). And upon reaching this line, it is possible to roll back down.

Alternative scenario: the price from the level of 1.1917 (closing of yesterday's daily candlestick) will try to start moving down with the target at 1.1847 - the lower fractal (blue dashed line). The price, having tested this level, may start working upwards with the target at 1.1908 - the retracement level of 14.6% (blue dashed line).