FX.co ★ Indicator analysis. Daily review of the EUR/USD pair for July 15, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1835 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of testing the 14.6% retracement level, 1.1843 (blue dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.1888 - the 23.6% retracement level (blue dotted line). And from this level, the upward movement is likely to continue.

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the market from the level of 1.1835 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of testing the 14.6% retracement level, 1.1843 (blue dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.1888 - the 23.6% retracement level (blue dotted line). And from this level, the upward movement is likely to continue.

Alternative scenario: from the level of 1.1835 (closing of yesterday's daily candlestick), it may start moving down with the target at 1.1772 - the lower fractal (blue dashed line). And once this level is reached, it is possible to move upward.