FX.co ★ Indicator analysis. Daily review of the EUR/USD pair for June 30, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1896 (closing of yesterday's daily candlestick) will try to start moving upwards with the target of 1.1964 - the resistance line (white thick line). After this line is tested, it is likely to continue moving upwards with the target of 1.2007 - the 38.2% retracement level (blue dotted line). And when this level is reached, the upward movement may continue with the target of 1.2056 - the 50.0% retracement level (blue dashed line).

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 1.1896 (closing of yesterday's daily candlestick) will try to start moving upwards with the target of 1.1964 - the resistance line (white thick line). After this line is tested, it is likely to continue moving upwards with the target of 1.2007 - the 38.2% retracement level (blue dotted line). And when this level is reached, the upward movement may continue with the target of 1.2056 - the 50.0% retracement level (blue dashed line).

Alternative scenario: from the level of 1.1896 (closing of yesterday's daily candlestick), it will try to start moving up with the target of 1.1930 - 8 EMA (blue thin line). If this line is tested, it may continue moving downwards with the target at 1.1846 - the lower fractal (blue dashed line).